Tuesday October 20, 2020

Developer Morrissey faces ‘catch-22 dilemma’ after huge Nama legal costs

30th July, 2017

Developer John Morrissey has ratcheted up six-figure pre-trial legal costs in his High Court damages action against Nama in which he claims the agency mismanaged his loan portfolio.

Under section 189 of the Nama Act 2009, if the businessman fails to discharge the bill in 30 days, the court can move to restrict the continuation of his case.

It is part of the developer’s lawsuit that the statutory provision of section 189 could curb his right of action,...

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