Dunne Bankruptcy Official Seeks Swiss And Irish Legal Actions

The court-appointed official overseeing the US bankruptcy of Seán Dunne has asked an American court for permission to examine, in private, documents from Irish and Swiss family law proceedings in which the developer is involved, the Irish Times reported. Bankruptcy trustee Richard Coan has also asked to question the Co Carlow developer (59), now living in the US, on the records at a private hearing if required. He made the application to a Connecticut court as part of his investigation into Mr Dunne’s finances including a $44 million (€32 million) debt due to his second wife, Gayle Killilea Dunne (39), arising from a Swiss family legal action she took against her husband in 2010 when they lived in Switzerland. That debt arose from a €100 million gift Mr Dunne said he had agreed to give his wife in 2005 in return for “love and affection”. Mr Dunne voluntarily filed for bankruptcy in the US in March 2013 with debts of $942 million. He was adjudicated a bankrupt in Ireland four months later on a petition by a creditor, Ulster Bank. He has declined to answer questions about the Swiss judgment at US bankruptcy meetings with his creditors, saying he is bound by “in-camera” confidentiality rules in Ireland. Read more.