Mr. Crosbie’s court action seeks to prevent NAMA from securing outstanding debt against his assets.

The action comes less than a month after the agency alleged in the Commercial Court that he had failed to disclose substantial assets, including three apartments in the south of France, when asked to provide details of all assets held by himself and his family.

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The case also calls for the removal of the receiver from the Bord Gais Energy Theatre. In addition compensation has been requested for so called ‘leaks made by NAMA of personal information regarding his financial affairs’.

Mr. Crosbie, is being represented by former Minister for Justice and Attorney-General, Michael McDowell.