High Court sets aside default judgement obtained against Ryan Corp; claim expected to proceed before court, according to The Times

There is a good follow up in the The Times today about the Saudi Arabian diplomat who is suing Credit Suisse and Tom Ryan, the mystery Irish property developer, for the return of a £25 million investment in Hertsmere House, the scheme to develop a residential skyscraper in Canary Wharf.

Here is a link to the piece in The Times:

Revealed: Saudi Arabian diplomat takes legal action over £25 million for 'missing skyscraper'

A high-level Saudi Arabian diplomat has taken Credit Suisse and the mystery Irish property developer Tom Ryan to London's commercial courts after allegedly providing around £25 million to build a 74-storey residential skyscraper in Canary Wharf, London's financial district.

Dr Mohammed Abdulraman Abdulaziz Albesher, currently the Saudi Arabian ambassador to the United Arab Emirates, is trying to recover £25 million from Ryan and his bankers at Credit Suisse after the developer's property scheme for the Hertsmere House site in Canary Wharf failed to get off the ground, according to the Particulars of Claim seen by Betaville.

The dealmaker, the bank and the missing skyscraper return...

The row over the missing skyscraper has been rekindled.

Regular readers should remember the tale I ran last year about the mystery Irish "property developer" and his plans to build a £1 billion residential skyscraper in Canary Wharf called Hertsmere House. Here is a link to my original story:

The missing skyscraper story rumbles on...

Ping - an email arrives from a new reader.

It contains a picture of chap called Mr Seamas Daly, an Irish businessman who founded a printing company called Photo Images Ltd. He is picketing outside a law firm based in Dublin, Ireland.

Another update on the missing skyscraper story

I see Richard Berridge has been checking out my Linked In profile. For Betaville readers that don't recall, Mr Berridge is the chief operating officer of Ryan Corporation, the company behind last year's  proposed scheme to build a 74-story residential skyscraper in Canary Wharf.

Back in November last year, the Financial Times quoted Mr Berridge as saying: "Canary Wharf is one of the few places in the UK where you can build a tall building. It's time for a very good residential building of a very high standard; that is that has been lacking until now".

Candy brothers turned down loan for missing skyscraper in 24 hours - I wonder why?

The missing skyscraper story I have been running on Betaville for the last couple of weeks really is worth keeping an eye on.

In another fascinating twist to the tale, it transpires that late last year, Thomas Gerrard Ryan, the mystery Irish property developer, and Hans-Olav Eldring, the former Credit Suisse private banker, approached Christian Candy's property lending division, Omni Capital Partners Limited, for a multi-million pound bridge loan to finance the Herstmere House scheme, a 74-storey residential skyscraper to be built in Canary Wharf.

The dealmaker, the bank and the missing skyscraper - part 3

The missing skyscraper story I did last week looks like it is really starting to heat up.

Readers may recall my sources told me a Credit Suisse banker was involved in putting together the Herstmere House project, a plan to build a £1 billion, 74-story residential skyscraper in Canary Wharf that vanished into thin air along with its mystery Irish property developer.

Update on my missing skyscraper story

Regular readers might recall that last week I published a rather interesting tale about Herstmere House, the residential skyscraper that was supposed to be built in Canary Wharf by a mystery Irish property tycoon. Here is a link to the original article: http://betaville123.blogspot.co.uk/2014/05/the-dealmaker-bank-and-missing.html

Anyway, since I published that piece I noticed that a lawyer from Credit Suisse (who will remain nameless) has been furiously checking out my Linked In profile. Perhaps I struck a nerve.....

Credit Suisse declined to comment.

The dealmaker, the bank and the missing skyscraper

I'm not a huge fan of Canary Wharf (I used to work there when I first started on the The Daily Telegraph) but I have just stumbled across a rather interesting tale about the financial district and one of the banks based there.

Some Betaville readers might remember that back in November last year it emerged with great fanfare that an Irish property developer was planning to build £1 billion, 74-storey residential skyscraper - to be called called Hertsmere House - on a £100 million site in Canary Wharf. Here is a link to a story in the Financial Times about the scheme: http://www.ft.com/cms/s/0/122d3106-4d3e-11e3-9f40-00144feabdc0.html#axzz31i4U0YR1