Ireland Q1 2013 – banking developments *

Ireland - May 9 2013
The first wave of the restructuring involved the transfer of “hard to value” and poorly performing commercial property assets out of the bank system…

Co-authors: Rowena Fitzgerald, William Carmody, Micheál Grace.

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An integrated Irish aviation policy – minister Leo Varadkar publishes issues paper for consultation (28th February 2013) *

Ireland - March 13 2013
On 3rd December 2012 the Department of Transport, Tourism and Sport together with the Irish Aviation Authority hosted a conference to hear from…

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Irish Bank Resolution Corporation Act 2013 *

Ireland - February 8 2013
The promissory note was an obligation created by the Irish State in favour of IBRC. It was a unilateral promise by the State to pay IBRC the sum of…

Co-authors: Daragh O’Shea, Justin McKenna, Declan Black, Paul Egan, Kevin Hoy.

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Aircraft leasing dispute raises issue of the remedy of summary judgement for non-liquidated sums *

Ireland - October 30 2012
In Abbey International Finance Limited v. Point Ireland Helicopters Limited and Elitaliana S.p.A the High Court in Ireland (the “Court”) considered whether a plaintiff can seek summary judgement for non-liquidated sums such as delivery up of an aircraft on default and termination of an aircraft lease.

Co-authors: Neil O’Donnell.

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What is meant by an obligation to use best endeavours, all reasonable endeavours? *

Ireland - July 31 2012
The meaning of phrases such as best efforts; reasonable endeavours; commercial practicable efforts pose a challenge to the interpretation of the scope and effect of contractual covenants and obligations contained in written contracts, whether in lease agreements or contract for the provision of services.

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