Liam Mulvaney loses bid to contest €7m bank claim

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

Liam Mulvaney lost his application to have Ulster Bank’s claim for more than €7 million heard at a full trial in the High Court, in a judgment dated 7 March 2018.

The bank’s loan-sale arrangement with Promontoria did not prevent Ulster Bank from bringing the proceedings, because the bank retained legal title under a declaration of trust. The judgment rejected Mr Mulvaney’s application.