Danske Bank fails in Commercial Court action

Case has yet to go to a full hearing

Danske Bank has failed to get a Commercial Court action struck out in which it is alleged by a liquidator that the bank “manipulated” the finances of a construction firm.

In 2007 Mark Kilkenny, a director of Panshire Limited, drew down €24 million in Danske loans to develop a complex of 88 apartments at Clearstream Court in Finglas, Dublin. The loans were not backed by security from the firm which went into voluntary ...