Grehan brothers to each repay €300m

DEVELOPER brothers Ray and Danny Grehan have consented to summary judgment orders for over €300 million being entered against each of them in favour of NAMA.

Grehan brothers to each repay €300m
Thu, 10 Nov, 2011 - 00:00
Vivion Kilfeather

The orders — for about €307m against Danny Grehan and about €312m against Ray Grehan — are the biggest ever obtained by NAMA against individuals and also represent the largest judgment sums entered to date at the Commercial Court against individuals under personal guarantees.

Mr Justice Peter Kelly entered judgment in those sums against both brothers yesterday after being told they were consenting.

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CourtsPlace: Bateman’s RowPlace: Shoreditch, LondonPlace: Princes Park Parade,Place: Hayes, MiddlesexPerson: GrehanPerson: RayPerson: Danny GrehanPerson: Ray GrehanPerson: JusticePerson: Peter KellyPerson: Paul GallagherPerson: GrehansPerson: KellyPerson: Raymond GrehanOrganisation: NAMAOrganisation: Commercial CourtOrganisation: AIBOrganisation: National Asset Loan management LtdOrganisation: Glenkerrin HomesOrganisation: The Ashford PartnershipOrganisation: TheOrganisation: St Lohman’s Partnership
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