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.

Already a subscriber? Sign in

You have reached your article limit.

Unlimited access. Half the price.

Annual €130 €65

Best value

Monthly €12€6 / month

Benefit image

Limited offer valid for new and returning customers. Annual billed once for first year. Monthly (discount first 3 months) billed monthly, then €12/month. Ts&Cs apply.

WhatsApp logo

Irish Examiner’s WhatsApp channel

More in this section

Donald Trump visit to Ireland Taoiseach: Trump would be 'welcomed' as Doonbeg confirmed as 2026 Irish Open venue
Ireland's population could reach over 7.5m by 2065, report suggests Ireland's population could reach over 7.5m by 2065, report suggests
Challenges against major projects go against common good, says Taoiseach  Challenges against major projects go against common good, says Taoiseach 
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
<p>The proposed site of the Cork Events centre beside Beamish and Crawford last year. The long-delayed project has entered a fresh procurement process. Picture: Chani Anderson</p>

Project management delivery team appointed for long-delayed Cork Events Centre project

READ NOW

Lunchtime News

Newsletter

Keep up with stories of the day with our lunchtime news wrap and important breaking news alerts.

Latest

Most Read

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited