We learn today from the Courts Service website that an individual, Leona Flynn, represented by what appears to be a tiny Dublin firm of solicitors Miley and Miley – no website apparently or email address – of 35 Molesworth Street in Dublin 2 is suing NAMA, or rather National Asset Loan Management Limited. The application was lodged at the High Court yesterday – reference 2013/1661 P – and as is usual with recently-filed cases, there is no solicitor on record for the respondent.
We don’t really know who Leona Flynn is, what the basis for her application is or what remedy or remedies she is seeking. Welcome to the Irish judicial system which would embarrass a Third World backwater, this despite having the most highly rewarded judges and lawyers in Europe.
NAMA generally doesn’t comment on individual litigation.
This is the practically the second time NAMA has been sued in Dublin’s High Court this year. There are 12 applications against a developer with NAMA and IBRC named also as respondents, all to do with a Portugese golf resort development. And there is this one.
NAMA itself has initiated five applications in Dublin’s High Court this year.
UPDATE: 13th March 2013. The Irish Independent today reports that, yesterday, the above matter came before Mr Justice Peter Kelly at the High Court. The applicant is Lee or Leona Flynn, wife of developer John Flynn and it seems that in February 2013, NAMA issued a €22m demand to the Flynns and their children in respect of an Anglo loan on Belfield Office Park. Lee Flynn is claiming that following a transfer of her 10% interest in the property in 2008, she no longer has an liability in respect of the loan. NAMA has obtained a temporary injuction, which was continued yesterday, preventing distribution of the proceeds of a Dublin property, “Cooldrinagh” on Kerrymount Avenue, Foxrock, Dublin – the property is on the market with an asking price of over €3m and is famous for being Samuel Beckett’s former home. Lee Flynn is seeking declarations that she has no interest in Belfield and also that NAMA has no right to demand a statement of affairs from her. The Independent claims that a business plan by the family was rejected last Autumn 2012. The case returns before Judge Kelly on 22nd March 2013.
NAMA Wine Lake 