Developer Michael O’Flynn who leads the O’Flynn Construction Group

The O’Flynn Construction Group, led by Cork property developer Michael O’Flynn, and US private equity giant Blackstone have reached a “standstill” ag(...)

John Flynn: to argue that Breccia moved against his company too quickly and without proper regard to the underlying loan documentation. Photograph: Collins

Developer John Flynn has appointed legal advisers to challenge within days an attempt by beef baron Larry Goodman to seize control of Mr Flynn’s 8 (...)

When the National Asset Management Agency (Nama) recently sold loans – worth €1.8 billion – of the O’Flynn Group, to Blackstone, a US investment compa(...)

Property developer  Michael O’Flynn speaking  outside the High Court yesterday after it ruled that Carbon Finance, the subsidiary of US investment giant Blackstone, was not entitled to appoint receivers over companies in the O’Flynn group. Photograph: Sasko Lazarov/Photocall Ireland 2:45

Michael O’Flynn was in conciliatory form when he emerged from the High Court about 2.30pm yesterday. He was pleased he had won his case hands down aga(...)

Michael O’Flynn  of the O’Flynn Construction group. The Cork developer said he had informed Blackstone that he had funds available   to immediately repay a loan of €16.7 million. Photo: Daragh Mac Sweeney/Provision

Michael O’Flynn has today written to Carbon Finance Ltd, a subsidiary of Blackstone, to inform the American multibillion investment fund that he can r(...)

Munster and Ireland outhalf Ronan O’Gara’s name  cropped up in the  High Court case. Photograph: Harold Cunningham/Inpho

One of the names that cropped up in the legal documents opened in the O’Flynn Group v Carbon Finance High Court case was that of former Munster and Ir(...)

O’Flynn group managing director Michael O’Flynn: he and his fellow directors offered €240 million for the entire Irish business, including their personal loans. Photograph: Collins Courts

O’Flynn Construction managing director Michael O’Flynn offered to buy Blackstone out of its involvement in the group’s Irish assets for €240 million (...)

Michael O’Flynn: said that both the O’Flynn Group debts and some personal loans were fully serviced with all payments up to date. Photograph: Daragh Mac Sweeney/Provision

US fund Blackstone and Michael O’Flynn look poised for a legal battle for control of the developer’s property and construction empire to which an e(...)

Michael O’Flynn said in a statement that he had begun talking to his lawyers.

US fund Blackstone and Michael O’Flynn look poised for a legal battle for control of the developer’s property and construction empire to which an ex(...)

Then taoiseach Brian Cowen had said that while Nama would acquire loans from the banks at a discount, the developers would still have to pay back the full amount. Photograph: Julien Behal/PA Wire

Are some Irish developers getting taxpayer-funded bailouts as Nama starts offloading their loans? It certainly looks like it.Take Michael O’Flynn, the(...)