A Commercial Court judge has criticised the "over-ambitious projects in retail and residential accommodation" carried out between 2000 and 2008.
Mr Justice Peter Charleton was giving judgment in a case where a German-owned roofing company claimed that property developer Bernard McNamara's company had been involved in a conspiracy to deprive it of a €1.8 million payment.
Mero-Schmidlin (UK) plc sued Michael McNamara and Co, Cedartree Construction Ltd, Bruce Shaw Project Management Ltd, Bernard McNamara, John Balance, Paul...
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