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Friday 15 December 2017

Banks and councils among creditors

Cormac McQuinn

Cormac McQuinn

BANKS, auctioneers, architects' firms and state agencies, including several local authorities, are among bankrupt developer Sean Dunne's list of creditors.

A total of 34 creditors – owed as much as $1bn (€780m) between them – are listed in Mr Dunne's petition to the District of Connecticut Bankruptcy Court.

Several banks are among the creditors who will be keeping a close eye on Mr Dunne's bankruptcy proceedings.

Ulster Bank Ireland Ltd, which funded Mr Dunne's purchase of the Jury's site in Ballsbridge, is listed, as is another investor in the abandoned project, Icelandic bank Kaupthing Singer & Friedlander.

Other banks include Allied Irish Bank, Bank of Ireland and the now-liquidated Irish Bank Resolution Corporation.

Certus, the organisation that administers the loan book of Bank of Scotland's former Irish arm, also appears.

Colm McEvoy Auctioneers in Co Kildare, Dublin-based BKD Architects and engineering firms Arups, O'Connor Sutton Cronin and SM Morris are on the list.

Other Dublin-based companies are Sign Impact in Ballycoolin and Wright Window Systems in Clondalkin.

The Revenue Commissioners is listed, as is the IDA.

The United States' Internal Revenue Service in Philadelphia and the State of Connecticut Department of Revenue Services also feature.

The Irish local authorities named are Dublin City Council and Kildare and Wicklow County Councils.

Mr Dunne had developments in each of the three counties.

Fellow-developer Michael O'Flynn's company O'Flynn Construction is listed along with construction consultancy firm Bruce Shaw Partnership and London-based property consultants Chase and Partners.

Planning consultants O'Connor Whelan Ltd appears as does the management company of Mr Dunne's Charlesland Wood Development and the Seabourne View Management Company, both in Greystones, Co Wicklow.

Barristers Garrett Simons and Paul Gallagher, the former attorney general, are among members of the legal profession on the list.

Law firms Arthur Cox, Beauchamps Solicitors, and Kilroys Solicitors also appear along with accountancy giant KPMG.

A solicitors' firm in the Isle of Man, Stuart Smalley and Co, is also on the list.

Irish Independent

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