The Dublin Docklands Development Authority has brought a preliminary application aimed at having developer Bernard McNamara’s company Donatex Ltd provide security for the costs of their legal action.
In the action, initiated last November, it was alleged the DDDA exposed the company to claims of more than €108 million over the purchase of the Irish Glass Bottle site at Ringsend.
The motion for security of costs was mentioned yesterday before Mr Justice Peter Kelly who listed it for hearing on February 10th.
The motion was due to have been heard next Monday but the sides have agreed to defer it on terms including requiring Donatex to file a replying affidavit by January 22nd.
The action against the DDDA has been brought by Mr McNamara and Donatex arising from their involvement in the €412 million purchase of the IGB site.
Earlier this week, judgment for some €62.5 million and some €98 million was entered respectively against Mr McNamara and Donatex arising from the failure by Donatex to repay loans give to it by private investors for the IGB site acquisition.
During those proceedings, the court heard neither Mr McNamara nor Donatex could pay the sums sought.
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