There is no relenting in NAMA’s litigation campaign with the Agency making an application yesterday in Dublin’s High Court against an individual named as “Stephen Harris”. As this is Ireland, we are unable to get further information about the respondent at this time. There is a Galway developer, Stephen Harris whose company Harrko, NAMA foreclosed against two years ago and who is one of the most prominent developers in the west of Ireland, being the man behind the Twelve Hotel in Barna, but we don’t know if the application yesterday – reference 2013/1334 P – refers to this particular Stephen Harris.
The applicant is National Asset Loan Management Limited represented by Dublin solicitors Whitney Moore. There are actually two respondents but our expensive Court Service has recorded the second respondent as “DOWNS PUST O DEA & CO SOLS DONAL”. As is usual with recently-filed applications, there is no solicitor on record shown for the respondents.
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 individual applications. This is the fifth application by NAMA in the Dublin High Court in 2013, whilst NAMA has been on the receiving end of one application relating to a Portugese golf resort development.
UPDATE: 11th February, 2013. The Court Service has clarified the second respondent and said the second respondent in this case is “Donal Downs pust [practising under the style and title] of O’ Dea & Co Solicitors”