A High Court Judge today ruled that one of Anglo’s debtors, Michael Daly, who is being pursued to pay €84.4m in respect of loans from Anglo, had produced what the Judge described as an “arguable defence”. That being the case and exceeding the low threshold to prevent a summary judgement, the Judge ordered a full hearing for the case on May 20th, 2010. Mr Daly had said that he was led to believe that personal guarantees given by him to Anglo were “paper” guarantees and would never be called upon. Mr Daly appears to be defending himself but of interest is that the Judge has indicated that he, the Judge, expects Anglo to produce minutes of Anglo’s credit control meetings at the full hearing. The full hearing may cast further light on the general nature of personal guarantees in Irish banking over the last decade and the procedures adopted at Anglo in granting credit. The Irish Times carries a report on today’s judgement.
Anglo and personal guarantees
April 20, 2010 by namawinelake
Posted in NAMA | 1 Comment
One Response
Comments are closed.
-
Recent Posts
- Test – 12 November 2018
- Farewell from NWL
- Happy 70th Birthday, Michael
- Of the Week…
- Noonan denies IBRC legal fees loan approval to Paddy McKillen was in breach of European Commission commitments
- Gayle Killilea Dunne asks to be added as notice party in Sean Dunne’s bankruptcy
- NAMA sues Maria Byrne and Graham Byrne in Dublin’s High Court
- Johnny Ronan finally wins a court case
Recent Comments
Wisemama on Eddie Hobbs’s US “partner” fir… Dorothy Jones on Of the Week… Sean Bean on Eddie Hobbs’s US “partner” fir… John Foody on Of the Week… Wisemama on Eddie Hobbs’s US “partner” fir… otto on Of the Week… Frank Street on Of the Week… Wisemama on Eddie Hobbs’s US “partner” fir… John Gallaher on Of the Week… John Gallaher on Of the Week… who_shot_the_tiger on Eddie Hobbs’s US “partner” fir… Sean Bean on Eddie Hobbs’s US “partner” fir… otto on Of the Week… Brian Flanagan on Of the Week… Robert Browne on Gayle Killilea Dunne asks to b… Twitter Updates
- Funniest case in Irish legal history? 1. ex-Cllr Fred Forsey convicted of RECEIVING a corrupt payment 2. developer… twitter.com/i/web/status/1… 4 years ago
- Really looking forward to this at 9pm tonight, esp the first Garda on the scene. Well worth reading this background… twitter.com/i/web/status/1… 4 years ago
- Tea time on the day the president of the ECB tells us we [in Ireland] are paying more interest on our loans than th… twitter.com/i/web/status/1… 4 years ago
- “I am grateful for you to refer to Mr Sugarman...on the specific question of Unicredit, responsibility at ECB lies… twitter.com/i/web/status/1… 4 years ago
- @JMcGuinnessTD now confronts ECB about "the honest whistleblower" @WhistleIRL and his disclosures of liquidity issu… twitter.com/i/web/status/1… 4 years ago
- Details, including court documents of class action in New York against Ryanair and CEO Michael O'Leary.… twitter.com/i/web/status/1… 4 years ago
- Draghi tells @paulmurphy_TD the ECB doesn't remove govts, the people do, that's democracy. Bet the people will be m… twitter.com/i/web/status/1… 4 years ago
- Wow! Draghi says there is no net interest cost for the Anglo bonds whilst they're held by the Irish central bank. T… twitter.com/i/web/status/1… 4 years ago
Click on date for that day’s posts
Blog Stats
- 5,113,732 hits
Certain developers ..and I am not suggesting Mr Daly is one of them….have received assurances as to the quality of the paperwork in their filesand from ex Anglo staff.
Naturally they paid the ex Anglo staff to ‘see’ the paperwork that was no longer in Anglos possession.