Liam & Des O’Dwyer agree €8m personal judgement

Liam & Des O’Dwyer of the Marino Group have consented to a personal judgement of €8 million against them arising from personal guarantees they provided to the Marino Group (in Receivership since last year) in order to secure a €25 million term loan from AIB.

Liam & Des O’Dwyer of the Marino Group have consented to a personal judgement of €8 million against them arising from personal guarantees they provided to the Marino Group (in Receivership since last year) in order to secure a €25 million term loan from AIB.
AIB has demanded repayment of the term loan which stood at €23.2 million last November but has yet to secure payment of the €8 million guaranteed by each of the O’Dwyer brothers at the time the loan was taken out.