Ireland

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Fears Rise Over How Portugal And Ireland Exit Bailout Schemes

Less than a year before European leaders hope to chalk up success for their handling of the sovereign debt crises in Ireland and Portugal, rising bond yields and long-term interest rates are causing concern over how the two countries will exit their bail ...

Daily Headline - global.abi.org - 06/19/2013 - 22:25 - 0 comments

IMF Approves $1.27 Billion To Ireland

The International Monetary Fund has said Ireland is on track with the conditions of its bailout programme, the Irish Times reported. The IMF, one of a trio of lenders overseeing Dublin’s €85 billion bailout, said Ireland’s economy grew modestly in 20 ...

Daily Headline - global.abi.org - 06/18/2013 - 21:48 - 0 comments

Pension Deficits Are No Longer A Matter For Shareholders To Be Relaxed About

The discord between Ryanair and Aer Lingus is the latest in a series of problems facing large companies to focus shareholders on the growing pension deficit problem in Ireland, the Irish Times reported. Aer Lingus, and others, made generous pension p ...

Daily Headline - global.abi.org - 06/17/2013 - 22:37 - 0 comments

Nama Says Couple Transferred Assets To Their Children As It Seeks €108 Million

Galway hotelier and developer Michael Finn and his wife Claire, who are being pursued by the National Asset Management Agency for €108 million, have invested €600,000 in companies operating a high-end car resale business and transferred shares in their f ...

Daily Headline - global.abi.org - 06/13/2013 - 19:58 - 0 comments

HMV-Owner Hilco Rescues Ireland's Largest DVD Rental Chain

HMV-owner Hilco bought Ireland's largest film and computer game rental retailer Xtra-Vision on Tuesday, potentially saving close to 1,000 jobs after the firm sought protection from its creditors in April, Reuters reported. Restructuring specialist H ...

Daily Headline - global.abi.org - 06/11/2013 - 22:04 - 0 comments

Government Nominates Six County Registrars As ‘Insolvency’ Judges

The Government has nominated six county registrars for appointment as specialist judges of the Circuit Court, creating a new cadre of judges in a move that has been sharply criticised by the judiciary, the Irish Times reported. The role of specialist ...

Daily Headline - global.abi.org - 06/11/2013 - 22:05 - 0 comments

Ulster Bank ‘Cost British Taxpayers £10 Billion’

Ireland was given a “back-door bailout” worth around £10 billion (€11.5 billion) by Britain in “an arrangement that was never explicitly approved by parliament”, according to a report today, the Irish Times reported. The London Times claims Ulste ...

Daily Headline - global.abi.org - 06/10/2013 - 23:10 - 0 comments

Noonan Refuses To Abolish VAT On Personal Insolvency Service

Tensions are likely to rise between Labour and the Finance Minister Michael Noonan over his refusal to consider ending VAT of 23 per cent on those who use the Government's new insolvency service, Independent.ie reported. In particular, a concern is ...

Daily Headline - global.abi.org - 06/09/2013 - 21:25 - 0 comments

Live Register Falls But Long-Term Claimants Rise

the year, outweighing the 0.9 per cent decline in the male category. The Live Register does not ...

Daily Headline - global.abi.org - 06/06/2013 - 22:18 - 0 comments

Insolvency Complaints Body Launched

Ireland's Insolvency Service has launched a single gateway for stakeholders to file complaints against an insolvency practitioner, Accountancy Age reported. The gateway will remove the need for stakeholders, such as creditors involved in an inso ...

Daily Headline - global.abi.org - 06/05/2013 - 22:15 - 0 comments

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