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Results: 1-10 of 20

EC temporarily approves aid for Anglo Irish and INBS and opens inquiry into Anglo Irish aid

  • Alston & Bird LLP
  • -
  • European Union, Ireland
  • -
  • April 1 2010

Yesterday, the European Commission (EC) authorized an emergency recapitalization worth up to 10.44 billion for Anglo Irish Bank (AIB) and 2.7 billion for Irish Nationwide Building Society (INBS) for reasons of financial stability approved for a period of six months

NAMA: the phoney war is over

  • LK Shields
  • -
  • Ireland
  • -
  • December 31 2010

The NAMA guns are out, following the recent High Court decisions against Paddy Shovlin and Paddy McKillen and the appointment of a receiver to McNamara Construction

Ireland's National Asset Management Agency acquires first tranche of loans from Irish banks; Minister of Finance introduces broad initiatives to stabilize banking system

  • Alston & Bird LLP
  • -
  • Ireland
  • -
  • March 30 2010

Today, the National Asset Management Agency (NAMA), the Irish government's "bad bank" asset acquisition programme, announced that it will acquire an initial tranche of over 1,200 individual loans to the 10 largest land and development borrowers of Allied Irish Banks Plc (AIB), Anglo Irish Bank, Bank of Ireland, Irish Nationwide Building Society, and EBS Building Society, for consideration of 8.5 billion

Restructuring update - NAMA Patrick McKillen legal challenge

  • A&L Goodbody
  • -
  • Ireland
  • -
  • November 15 2010

The first legal challenge against NAMA was heard by the Irish High Court from 5 October 2010 to 14 October 2010 and judgment was delivered earlier this month on 1 November 2010

PRAI register of NAMA assets

  • Matheson
  • -
  • Ireland
  • -
  • March 2 2011

Section 8 of the Registration of Title Act 1964 provides that the Registrar of Deeds and Titles can maintain a register of ownership of "such other rights in land as may be prescribed"

McKillen challenge to NAMA - the final chapter

  • Matheson
  • -
  • Ireland
  • -
  • July 29 2011

In previous editions of the newsletter, we provided an update on the challenge to NAMA made by property investor Paddy McKillen

Kavanagh and Ors v Lynch and Ors - effect of start mortgages ruling curtailed by the High Court

  • Matheson
  • -
  • Ireland
  • -
  • September 2 2011

In a judgment delivered on 31 August 2011 Ms. Justice Laffoy has clarified certain of the potential wider ramifications of the ruling in the case of Start Mortgages Limited & Ors v. Gunn & Ors

The chronicles of NAMA

  • Bircham Dyson Bell
  • -
  • Ireland
  • -
  • June 23 2011

Toward the end of 2009 the Republic of Ireland’s then government passed legislation which would lead to the creation of the National Assets Management Agency (NAMA

Qualifying Investor Fund

  • William Fry
  • -
  • Ireland
  • -
  • April 5 2012

NAMA has announced plans to establish a Qualifying Investment Fund (QIF), a form of regulated fund vehicle, which will invest in property and property related assets in Ireland, the UK and Europe

NAMA performance

  • William Fry
  • -
  • Ireland
  • -
  • April 5 2012

NAMA is expected to report a pre-impairment profit of upwards of 750 million for 2011

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