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Tue 11 Nov 2009Latvian bank gets judgment for €2.3m against businessman

DUBLIN BUSINESSMAN Emmet Memery has consented to summary judgment against him for €2.3 million over a loan advanced in 2007 by a Latvian bank.

AS Rietumu Banka, the bank in which entrepreneur Dermot Desmond has a significant shareholding, secured the judgment yesterday in the Commercial Court in Dublin.