Irish property developer Sean Dunne faces potential bankruptcy both in Ireland and in the US, after a court there ruled that Ulster Bank can continue to pursue its bankruptcy action against him.
According to the Irish Times, the court in Connecticut, where Dunne now lives, approved the bank's application to continue the legal proceedings against him over debts to Ulster Bank and NAMA.
It's understood a hearing will now take place in Dublin in July to determine how the 'dual-bankruptcy' proceedings will work.
Our Business Editor Ian Guider says it's a blow to the Carlow native, who previously filed for bankrupcty in the US in March:
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