NAMA’s degree of transparency nearly matches that of the Irish court system. Today we learn that NAMA is suing Bank of Scotland, no less, but there is practically no chance of finding out in outline or in detail, NAMA’s grievance. We simply know that on 24th October, 2012 NAMA made an application to the High Court in Dublin – reference number 2012/4068 S – and that the applicant is National Asset Loan Management Limited represented by Dublin solicitors, Gartland Furey and the respondent is Bank of Scotland, and as is usual with recently-filed cases, there is no solicitor on record for BoS.
You might think you could get details of the application from the Court itself, but no, the Central Office at the High Court that unless you are a solicitor acting in the case, the papers including the application are out of bounds. Even if you’re a barrister.
NAMA doesn’t comment on individual court cases and BoS are unlikely to. So all we can say at present is this is NAMA’s 35th application in Dublin’s High Court this year and that the Agency has been on the receiving end of a separate additional six applications.