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McNamara goes after DDDA


stanley

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Jun 20, 2007
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9,544
Docklands authority told to give evidence in glass bottle site case - Irish, Business - Independent.ie

"In March 2011, in a dispute over the shareholding in Donatex, Mr McNamara said he had "inadvertently" resigned from Donatex in January in the course of resigning as a director from some 60 other companies after receivers were appointed to those companies by NAMA. Mr McNamara said this resignation was a "cause of great embarrassment" to him and he wished to apologise to the court over it. Steps had been taken to address the matter, he said.
In their proceedings, Donatex and Mr McNamara have claimed the DDDA had no lawful power to enter into the November 2006 glass bottle site agreement and was unable to perform its obligations under the deal, therefore frustrating the development of the site and causing substantial losses for them".





Sure does look like FFer Bernie Mac has found himself a smart solicitor, probably no foal no fee basis, who is going to try to sidestep him out of the Irish Glass debacle but also go after the DDDA/taxpayer for compo and here we are all thinking he had fupped off to UK and elsewhere after flogging the big house, with ballroom, on Ailesbury Road to JP, how low can a man go.
 


stanley

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Little bump, this got shifted around by a mod am sure fellow punters on here have a few words on Bernie Mac's strategy
 

gerhard dengler

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Feb 3, 2011
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Docklands authority told to give evidence in glass bottle site case - Irish, Business - Independent.ie

"In March 2011, in a dispute over the shareholding in Donatex, Mr McNamara said he had "inadvertently" resigned from Donatex in January in the course of resigning as a director from some 60 other companies after receivers were appointed to those companies by NAMA. Mr McNamara said this resignation was a "cause of great embarrassment" to him and he wished to apologise to the court over it. Steps had been taken to address the matter, he said.
In their proceedings, Donatex and Mr McNamara have claimed the DDDA had no lawful power to enter into the November 2006 glass bottle site agreement and was unable to perform its obligations under the deal, therefore frustrating the development of the site and causing substantial losses for them".

Sure does look like FFer Bernie Mac has found himself a smart solicitor, probably no foal no fee basis, who is going to try to sidestep him out of the Irish Glass debacle but also go after the DDDA/taxpayer for compo and here we are all thinking he had fupped off to UK and elsewhere after flogging the big house, with ballroom, on Ailesbury Road to JP, how low can a man go.
I wonder who the Company Secretary was of Donatex?

How can you "inadvertently" resign a directorship anyhow?
 

Astral Peaks

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Nov 9, 2010
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25,982
I wonder who the Company Secretary was of Donatex?

How can you "inadvertently" resign a directorship anyhow?
Sign the wrong sheet?

But yeah, sounds like a very tall tale.
 

Analyzer

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Feb 14, 2011
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Sounds like McNAMA, we-need-to-talk-about-Kevin, and Mrs. Sean Quinn will all have to go back to school to stop them making these elementary mistakes......
 

LamportsEdge

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Jan 10, 2012
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21,894
Jayney. There's an awful lot of wealth creators around with poor literacy skills these days aren't there?

Brilliant. Solicitors trooping in and out of the Four Courts Bar & Grill to declare that their client's only defence is that in fact they happen to be a bit ... y'know ... underdeclared in the reading department.
 

olamp

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Mar 24, 2010
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Docklands authority told to give evidence in glass bottle site case - Irish, Business - Independent.ie

"In March 2011, in a dispute over the shareholding in Donatex, Mr McNamara said he had "inadvertently" resigned from Donatex in January in the course of resigning as a director from some 60 other companies after receivers were appointed to those companies by NAMA. Mr McNamara said this resignation was a "cause of great embarrassment" to him and he wished to apologise to the court over it. Steps had been taken to address the matter, he said.
In their proceedings, Donatex and Mr McNamara have claimed the DDDA had no lawful power to enter into the November 2006 glass bottle site agreement and was unable to perform its obligations under the deal, therefore frustrating the development of the site and causing substantial losses for them".





Sure does look like FFer Bernie Mac has found himself a smart solicitor, probably no foal no fee basis, who is going to try to sidestep him out of the Irish Glass debacle but also go after the DDDA/taxpayer for compo and here we are all thinking he had fupped off to UK and elsewhere after flogging the big house, with ballroom, on Ailesbury Road to JP, how low can a man go.
What a chancer! The law is such an ass in this country that he will probably get away with it -unless he comes before Peter Kelly in which case he will get short shrift!
 

Samell

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Jun 6, 2010
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Jayney. There's an awful lot of wealth creators around with poor literacy skills these days aren't there?

Brilliant. Solicitors trooping in and out of the Four Courts Bar & Grill to declare that their client's only defence is that in fact they happen to be a bit ... y'know ... underdeclared in the reading department.
And not a single one of them would sign a birthday card without getting a legal eagle look it over first!
 

stanley

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Jun 20, 2007
Messages
9,544
Not surprised it got shifted.

Wonder how long before this thread disappears.


Interesting point, always thought it was the last owner who was protecting FFer related individuals from truthful comment.

This is some stroke Bernie is trying to pull, he dont give a fup as it does look like he placed assets away safely.
 

MaireadKelly1

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Jun 25, 2011
Messages
4,098
What a chancer! The law is such an ass in this country that he will probably get away with it -unless he comes before Peter Kelly in which case he will get short shrift!
Mr. Justice Peter Kelly had directed that Bernard McNamara be called to court on November 6, 2012. However,
the Commercial Court was informed at LUNCH TIME, on November 6, that Mr. McNamara had been declared
bankrupt in the UK - earlier THAT DAY! Consequently, he did not appear in front of Justice Kelly on Nov. 6.

Coincidence? Fortunate timing??

As reported by Tim Healy, in The Irish Independent, on November 20th, 2012:

"NAMA learned developer Bernard McNamara had filed for bankruptcy in the UK on the same day the agency
notified its intention to ask the Commercial Court to fast-track proceedings for €27.5m summary judgment
orders against him, it emerged yesterday.

Given Mr. McNamara's adjudication as a bankrupt in the UK on November 6 last, National Asset Loan Management
Ltd. (NALM), a company of NAMA, has decided to discontinue its summary judgment proceedings here, Niamh
Hyland SC, told the court yesterday.

Counsel said NALM had issued the proceedings last September and, on November 6 last, filed a motion returnable
for November 19, seeking that the case be fast-tracked in the Commercial Court.

However, it found out at lunch time on November 6 that Mr. McNamara had been declared bankrupt in the UK,
earlier that day.

Mr. Justice Peter Kelly directed that Mr. McNamara.....be called to court. When there was no appearance, the
judge said he would grant the application to discontinue."
 

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