herald

Wednesday 16 August 2017

Dunne bankruptcy bid

COURTS

BUSINESSMAN Sean Dunne (right) is appealing the High Court's refusal to set aside his Irish bankruptcy.

Lawyers for the now US-based developer have argued before the Supreme Court that the adjudication of bankruptcy almost two years ago cannot be allowed stand because he had previously been deemed bankrupt by an American court.

Mr Dunne's lawyers say Irish bankruptcy laws don't allow for a double or dual bankruptcy findings in different jurisdictions.

In December 2013, Mr Justice Brian McGovern refused to set aside the Irish bankruptcy, initiated by Ulster Bank in February of that year over default on loans for some €161m to buy properties in Dublin.

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