NAMA’s litigation department is having a slow start to the new year with only the second application made yesterday in Dublin’s High Court. The applicant is National Asset Loan Management Limited represented by Beauchamps solicitors. The respondent is named merely as “Mary Kelly” and, as is usual with recently-filed applications, there is no solicitor on record. The case reference is 2013/277 S.
Although Ireland has a very expensive judicial system, it is not possible for third parties to get details of applications, so we don’t know which “Mary Kelly”, NAMA is suing, nor do we know the gripe or the remedy sought by NAMA. We found out in NAMA’s report and accounts for Q3,2012 that it has in the past made applications merely to seek rectification of a mortgage and charge. So we have no idea who the “Mary Kelly” is, but knowing how some of you out there think, it might be worth saying that Paddy Kelly’s wife is Maureen and Paddy’s son, Simon Kelly’s wife is Joanna.
In the past, NAMA has taken legal action against individuals to enforce personal guarantees or to secure personal judgments, but it should be stressed that we do not know if either of these objectives lies behind the current application. NAMA generally doesn’t comment on court cases, not even to confirm the identity of respondents.
This is the second application by NAMA in the Dublin High Court in 2013 and there has yet to be an application against NAMA this year. Last year, NAMA initiated about 40 cases in the High Court and was on the receiving end of about 10.