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Results: 1-10 of 36

Bank checked in pursuit of defaulting property borrower

  • William Fry
  • -
  • Ireland
  • -
  • January 9 2013

A loan was made by ACC Bank to Friends First and others in connection with the Crystal Property Development Fund to acquire lands in Co. Clare. The

Receivers move to possess mortgaged properties

  • William Fry
  • -
  • Ireland
  • -
  • September 4 2013

A number of recent High Court decisions demonstrate an increase in the number of repossession proceedings being brought by receivers

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

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

Real estate an overview of 2013

  • Mason Hayes & Curran
  • -
  • Ireland
  • -
  • February 17 2014

We hope that 2013 was a good year for you and your firm and that 2014 brings new opportunities and further success. We saw a number of developments

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

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

Lender claims: solicitor or valuer negligence

  • A&L Goodbody
  • -
  • Ireland, United Kingdom
  • -
  • November 15 2010

With the recession showing no signs of abating, and property prices remaining static, recent trends in the Northern Ireland Courts are now beginning to clearly show an influx of claims by financial institutions who are seeking to recoup lost value arising out of disastrous property transactions

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"

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