NAMA is launching legal action in Dublin’s High Court at a rate of one application per week in 2013. Yesterday, it initiated a case against Pedleigh Limited, case reference 2013/1048 S. The applicant is National Asset Loan Management Limited and the cretins at the Court Service shows its solicitor-on-record as “Natioanl (sic) Asset Management Agency”. As is usual with recently-filed cases, there is no solicitor-on-record for the respondent.
Assuming the Pedleigh Limited in question is an Irish incorporated company – and it should be stressed that we do not absolutely know that for a fact and neither NAMA nor the Court Service will confirm the address or identity of parties to a case – then it is the Dublin company owned by Messina Investments Limited which is in turn owned by Fenbrook Holdings Limited which is owned by Albert Farrell (35%), Robert Ball (35%), Catherine Farrell (15%) and Celine Ball (15%). To repeat, we DO NOT absolutely know for sure that this is the “Pedleigh Limited” in the NAMA application.
So far this year, NAMA has launched 13 actions in Dublin’s High Court and has been on the receiving end of 14, though 12 of those relate to deposits on the one Portugese golf and holiday resort.