Ireland

Results for Ireland

Kenmare Resources In $300 Million Restructuring Plan

Mineral company Kenmare Resources has confirmed a large-scale financial restructuring plan that could involve raising hundreds of millions of dollars at the troubled explorer, the Irish Times reported. The company defaulted on its debts earlier this ...

Daily Headline - global.abi.org - 04/28/2016 - 21:22 - 0 comments

Deutsche Bank To Bid For Nama Properties

Europe’s largest investment bank Deutsche Bank has emerged on the list of bidders this week for one of the National Asset Management Agency’s last big portfolio sales, the Irish Times reported. The Frankfurt-based bank joins a joint offer from Wall S ...

Daily Headline - global.abi.org - 04/24/2016 - 17:23 - 0 comments

Anglo Creditors To Get First Repayment Within Months

Creditors to the failed lender Anglo Irish Bank are set to receive their first payment within months after its liquidators built up about €2.1 billion of cash following the sale of most of its assets, according to sources. While the prospect of junior bo ...

Daily Headline - global.abi.org - 04/21/2016 - 21:58 - 0 comments

Irish Motor Insurers Urge Action On Setanta Liability

Motor insurers are growing increasingly concerned at the lack of Government action to tackle pressure on premiums due to the €90 million collapse of Setanta Insurance two years ago, the Irish Times reported. Major insurance firms are now pressing for ...

Daily Headline - global.abi.org - 04/20/2016 - 22:00 - 0 comments

Article from INSOL Europe (11 - 17 April 2016) GlobalINSOLvency Editorial Board

This decision provides strong support to examiners using their commercial judgment and helps to clarify their role in restructuring companies in Ireland via examinership, Ireland’s main corporate rescue mechanism. Warren Baxter of Deloitte comments on th ...

Resource Article - twallace@abiwor... - 04/19/2016 - 13:48 - 0 comments - 1 attachment

Ireland’s Public Sector Workers Demand Higher Pay As Economy Booms

It is the most bitter industrial relations dispute Ireland has seen for many years. For the past few weeks, a series of two-day strikes on the Dublin tram system, known as Luas, has left 90,000 commuters walking to work. And there may be worse to come, t ...

Daily Headline - global.abi.org - 04/14/2016 - 22:00 - 0 comments

SMEs Told To Seek Examinership To Block Vulture Funds

Small businesses whose bank loans were bundled into portfolios and sold to “vulture” funds have been advised to consider going into examinership to protect themselves should the funds call in their loans, the Irish Times reported. Hughes Blake accoun ...

Daily Headline - global.abi.org - 04/03/2016 - 18:42 - 0 comments

Revenue Warns Firms Over Sale Of Loans To Vulture Funds

Small Irish firms whose loans have been sold to foreign “vulture funds” may face millions of euro in tax charges and penalties from Revenue, the Irish Times reported. This comes after it was discovered that the acquisition of distressed loan books, t ...

Daily Headline - global.abi.org - 03/27/2016 - 12:03 - 0 comments

ECB Sees Ireland As Advice Resource In Tackling Bank Debt Across Euro Zone

Euro-area bank supervisors are looking at countries like Ireland with a history of tackling soured loans for hints on how to work out the €1.2 trillion bad debt pile that’s plaguing banks across the euro zone, the Irish Times reported. Non-performing ...

Daily Headline - global.abi.org - 03/23/2016 - 21:39 - 0 comments

Mortgage Loan Caps Robustly Defended By Central Bank

The Central Bank has issued a robust defence of its contentious home loan caps, saying commercial banks and mortgage brokers are unable on their own to uphold “prudent” credit standards, the Irish Times reported. The loan caps will neither add to nor ...

Daily Headline - global.abi.org - 03/22/2016 - 21:21 - 0 comments

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