Two insurance companies have begun a High Court action to have policies taken out with them in relation to solicitor, Michael Lynn, declared fully void.
More than 250 claims against the policies have been made by banks and others owed money by Mr Lynn to date.
Chubb Insurance Company of Europe and WR Berkeley Insurance Europe Ltd say they are entitled to refuse to pay out on foot of the claims.
They want the policies declared void on the grounds of alleged fraudulent misrepresentation and non-disclosure of material facts.
They have taken the action against Mr Lynn and Fiona McAleenan, practising as Michael Lynn & Company and Overseas Legal and Tax Services Ltd trading as Overseas Property Law.
