Tuesday December 1, 2020

Appeal court rules against Kelleher’s Nama action

Court found Kelleher's argument would make the debt action “immensely more complex, lengthy and costly”

1st May, 2016
Garrett Kelleher

A claim by developer Garrett Kelleher that the Chicago Spire site was wrongly sold as an €80 million “hole in the ground” cannot be used to defend debt proceedings brought by the National Asset Management Agency (Nama), the Court of Appeal has ruled.

The businessman is being pursued by Nama for more than €46 million on foot of guarantees he provided as security for corporate Anglo Irish Bank loans that financed building projects...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

2 Yearly



Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Related Stories

Analysis: The sandwich-maker has tapped its shareholders for €100 million amid the continuing uncertainty over the pandemic

Ian Guider | 2 days ago

GAA supporters around the country have long bemoaned the disproportionate funding directed towards Dublin. The GAA argues that it was merely rebalancing a perceived weakness in Dublin compared to its population size, but did it create a monster?

Barry J Whyte | 2 days ago

The building materials giant last week posted earnings before ebitda of $3.4 billion for the first nine months of 2020, making light of tough trading conditions

Peter O'Dwyer | 2 days ago