Vincent Byrne loses damages claim against NAMA

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

Vincent Byrne and Vincent Byrne Junior lost their damages claim against NAMA in the Court of Appeal on 11 November 2020.

The three-judge court allowed NAMA’s appeal and dismissed the Byrnes’ cross-appeal, striking out the claim in its entirety.

Mr Justice Noonan held that the proceedings were issued more than six years after the relevant events and were statute barred.

The proceedings concerned alleged failures to provide fair procedures and clear reasons when NAMA acquired loans and associated securities.