Yesterday in Dublin’s High Court, NAMA and an individual, Aiden Murphy launched legal action against Galway company, Quaylane Management Limited. The case reference is 2013/967 P. This is the first time that NAMA has been joined in an action by an individual. The applicants, National Asset Loan Management Limited and Aiden Murphy are both represented by Beauchamps solicitors. As is usual with recently-filed applications, there is no solicitor on record for the respondent.
Quaylane Management Limited is controlled by the Finns, Donnacha Finn, Claire Finn and Michael Finn. In December 2012, NAMA had receivers appointed to two companies controlled by the Finns, Carmel Quay Limited and Deveronne Investments Limited.
Because this is Ireland, we know next to nothing about the application, the matter at issue or remedy sought. NAMA generally doesn’t comment on individual litigation.
So far this year, NAMA has made four applications in Dublin’s High Court – two have already been documented on here, the fourth will be the subject of the next blogpost.