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Article: ONE of the country's biggest developers faces the collapse of his property empire after bailed-out lender Irish Nationwide made a '60m personal claim against him.
- Article from:
- Irish Independent (Dublin, Republic of Ireland)
- Article date:
- June 23, 2009
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Developer in crisis as bank sues for '60m
Case against Carroll 'could put NAMA plan in jeopardy'
ONE of the country's biggest developers faces the collapse of his property empire after bailed-out lender Irish Nationwide made a '60m personal claim against him.
The Commercial Court case by Irish Nationwide Building Society against developer Liam Carroll could also jeopardise government efforts to stabilise the banking system.
Legal, property and construction industry experts fear the case against Carroll, who claims he is only personally exposed to INBS to the tune of '30m, could trigger a domino effect of similar lawsuits against ...