Investment fund secures €47m judgement against developers
At the High Court in Dublin, an investment fund has secured a judgment of €47 million against property developers Michael and Kevin Corbett for unpaid loans, with an additional €10 million ordered against Michael Corbett alone. LSREF III Achill Investments Ltd, which acquired the loan facilities from Ulster Bank, sought summary judgment in the Commercial Court following the Corbetts' failure to repay monies advanced…
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