Dublin solicitor sued for €4.7m over unpaid loans

Dublin solicitor sued for €4.7m over unpaid loans

Dublin solicitor Barry Lyons is being pursued in court by AIB, who are seeking a €4.7 million judgment over alleged unpaid loans, The Irish Times reports.

Mr Justice Brian McGovern has transferred the proceedings to the Commercial Court with Mr Lyons’ consent.

Mr Lyons, of Lyons Kenny Solicitors, has two decades’ experience as a solicitor and specialises in corporate recovery, including examinerships, receiverships and liquidations.

According to court papers seen by The Irish Times, the judgment is being sought over refinanced loan facilities extended to Mr Lyons and a third party in 2011 on a joint and several basis.

AIB said it demanded repayment of the sums in July 2016, but had yet to receive a payment. In October 2016, AIB was notified the third party had filed for and obtained a protective certificate under the Personal Insolvency Act 2012. Subsequently, it began proceedings for the loan repayment against Mr Lyons in November 2016.

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