The action was also brought against Eamon O’Neill, The Quays, Waterford, whom the court heard acted as a business consultant for the owners, and CMD Early Dunmore East Ltd, a company of Roundabout Centre, Six Cross Roads, Co Waterford, which it was alleged had an agreement with the owners to occupy the premises.It was claimed Mr Early and Mr Kearney were advanced some €2.29 million by Ulster Bank in 2008 for which the Six Cross Roads Property was put up as security.
On Thursday, Ms Justice Reynolds, having ruled the defendants had no legal defence to the receiver’s claim, made orders granting Mr Fennell, represented byThe judge told the owners that they had been badly advised by Mr O’Neill.Judges’ concerns Mr Early told the court those submissions had been put together after he was in contact with a named man who is prohibited by the High Court from acting as a legal adviser.