Ireland

Results for Ireland

High Court Approves Ladbrokes Ireland’s Rescue Plan

Bookmaker Ladbrokes is to retain 144 shops nationwide and continue to employ over 700 people in Ireland following the High Court’s approval of its rescue plan on Tuesday, the Irish Times reported. The UK bookmaker, which entered the examinership proc ...

Daily Headline - global.abi.org - 07/28/2015 - 20:22 - 0 comments

Court Blocks Bankruptcy Exit By Developer Thomas McFeely

Priory Hall developer Thomas McFeely will contest an application to extend his bankruptcy by five years, the Irish Times reported. The application has been brought on grounds including his alleged failure to disclose all his assets, the High Court ha ...

Daily Headline - global.abi.org - 07/27/2015 - 23:12 - 0 comments

All Loans In Nama Will Be Repaid, Joe O’Reilly Tells Banking Inquiry

Property developer Joe O’Reilly expects his personal and group loans, which total more than €2 billion, will be sold by Nama for a multiple of what the agency paid for them, the Irish Times reported. Mr O’Reilly told the banking inquiry he had person ...

Daily Headline - global.abi.org - 07/23/2015 - 23:38 - 0 comments

Fear Of Job Losses As Examiner Appointed To Mothercare Ireland

An interim examiner has been appointed by the High Court to Mothercare Ireland, which employs 276 people in 18 shops across the State, the Irish Times reported. The aim of seeking court protection and examinership is to achieve a restructuring of the ...

Daily Headline - global.abi.org - 07/22/2015 - 19:35 - 0 comments

Ratings Agency Upgrades Irish Banks

The main Irish banks have been upgraded by Standard & Poors, with Bank of Ireland being raised to investment grade, the Irish Times reported. The ratings agency has said preprovision profitability for Irish banks has improved on the back of expan ...

Daily Headline - global.abi.org - 07/20/2015 - 20:37 - 0 comments

Gayle Dunne Applies For Orders Permitting Her Lawyers To Cross-Examine A US Lawyer

The wife of bankrupt developer Sean Dunne wants orders permitting her lawyers to cross-examine a US lawyer about his sworn statements in support of Irish proceedings challenging the validity of transfers of valuable assets by Mr Dunne to his wife the I ...

Daily Headline - global.abi.org - 07/13/2015 - 20:54 - 0 comments

Former Iceland Franchise Holder To Seek Appointment Of Examiner

The company that previously held the Irish franchise for the Iceland chain of grocery stores will apply to the High Court next Monday for an examiner to be appointed to give it protection from its creditors, the Irish Times reported. ACCHL, previousl ...

Daily Headline - global.abi.org - 07/12/2015 - 22:27 - 0 comments

Banks Win Greater Protection In Company Liquidations

Banks have secured greater protection for loans to companies in a landmark Supreme Court ruling, the Irish Times reported. The court’s unanimous judgment means Bank of Ireland gets priority over preferential creditors, including the Revenue, which is ...

Daily Headline - global.abi.org - 07/09/2015 - 23:08 - 0 comments

Sufficient Protection In Clerys Type Liquidation Cases, Says Minister

Minister for Business and Employment Ged Nash has said he believes there is sufficient legal protection in place to deal with issues arising from cases such as the liquidation of the department store Clerys, the Irish Times reported. Mr Nash said wor ...

Daily Headline - global.abi.org - 07/07/2015 - 17:52 - 0 comments

Harvard Professor Says Ireland Should Look For Debt Writedown

Ireland should go back to the negotiating table for a “significant” debt writedown after the crisis in Greece is resolved, a former International Monetary Fund chief economist has said. Kenneth Rogoff, a Harvard professor, says although the Irish economy ...

Daily Headline - global.abi.org - 07/05/2015 - 16:47 - 0 comments

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