Jarlath and Lorraine Sweeney win leave in Nama security case

This report is a localnews.ie summary based on public court reporting and records; sources are listed below.

Jarlath and Lorraine Sweeney secured High Court permission to bring their challenge to Nama’s demand for extra loan security on 25 November 2014. The Wicklow couple say the demand could harm their businesses and that providing security over Summerhill House Hotel would breach company law.

Mr Justice Nicholas Kearns granted leave on an ex parte basis and returned the matter to early December. The couple seek declarations that they cannot be compelled to provide the additional security, together with injunctions preventing enforcement action over alleged non-compliance.