There seems to have been a recent intensification in NAMA’s litigation activity, and yesterday in Dublin’s High Court, the Agency initiated the 14th legal case at that Court this year. NAMA is suing two respondents named as “Michael Finn” and “Claire Finn” and as is usual with recently-filed cases, there is no solicitor on record for the respondents. We have no further idea from the Court Service as to who Michael and Claire Finn are, and although NAMA had receivers appointed to Galway development companies controlled by a Michael and Claire Finn last November 2012, we have no way of establishing with NAMA or the Court Service if these are the subject of this present case.
The applicant in yesterday’s case – reference 2013/1153 S – is National Asset Loan Management Limited represented by Dublin solicitors, Beauchamps.
NAMA doesn’t comment on its litigation, and in the past its court cases have addressed matters ranging from multi million euro personal settlements to protective applications because of Statute of Limitation issues.
So far this year, NAMA has initiated 14 applications in Dublin’s High Court and has been on the receiving end of (coincidentally) 14 applications with 12 relating to people who paid deposits on a NAMA developer’s Portugese golf and hotel resort.