Ireland

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Nama Chief Was ‘Surprised By Scale’ Of Bank Guarantee

The National Treasury Management Agency (NTMA), which manages Ireland’s national debt, was not consulted by the government about the September 2008 bank guarantee, despite two of its most senior officials being in Government Buildings on the night the de ...

Daily Headline - global.abi.org - 04/22/2015 - 21:02 - 0 comments

Ladbrokes Seeks High Court Protection From Creditors

Bookmaker Ladbrokes Ireland, is seeking High Court protection from its creditors and warns it will have to cut jobs in a bid to rescue the loss-making business, the Irish Times reported. London-listed Ladbrokes, said on Tuesday that the High Court ha ...

Daily Headline - global.abi.org - 04/21/2015 - 21:04 - 0 comments

ECB Tells Central Bank To Speed Up Sale Of ‘Anglo’ Bonds

The European Central Bank has urged the Central Bank of Ireland to accelerate the sale of sovereign bonds it holds after Anglo Irish Bank’s collapse, the Irish Times reported. The ECB welcomed moves by Dame Street to dispose of the bonds held after t ...

Daily Headline - global.abi.org - 04/20/2015 - 21:50 - 0 comments

Renamed Transaero Bought Out Of Examinership In €2.5m Deal

Former Siteserv executive Patrick Jordan has bought aircraft maintenance specialist Atlantic Aviation Group out of High Court protection in a €2.5 million deal, the Irish Times reported. The business, formerly known as Transaero, had been in examiner ...

Daily Headline - global.abi.org - 04/19/2015 - 19:37 - 0 comments

Insolvency Service Of Ireland Protocol To Speed Up Debt Deals

The Insolvency Service of Ireland has reached an agreement with lenders and agents acting on behalf of a new Personal Insolvency Application (PIA) protocol which sets out the standards that creditors and Personal Insolvency Practicioners (PIPs) can expec ...

Daily Headline - global.abi.org - 04/14/2015 - 22:04 - 0 comments

Transaero To Exit Examinership

Aircraft maintenance specialist, Transaero, will exit High Court protection on Wednesday after a three-month examinership succeeded in rescuing the business. Michael McAteer of Grant Thornton was appointed as examiner to Transaero Engineering Ireland in ...

Daily Headline - global.abi.org - 04/14/2015 - 22:05 - 0 comments

State-Run Split Mortgages Urged By Home Loan Body

The Irish Mortgage Holders’ Organisation wants the Government to introduce a State-sponsored split mortgage that would allow local authorities to supplement the payments made by home owners in loan arrears and in danger of having their properties reposse ...

Daily Headline - global.abi.org - 04/07/2015 - 22:15 - 0 comments

Banks To Have Veto Powers Weakened As Part Of Insolvency Overhaul

their controversial veto – granted to them when a new insolvency service was set up two years ago – severely weakened before the summer, the Irish Times reported. The Government’s Economic Management Council (EMC), made up of Enda Kenny, Joan Burton, ...

Daily Headline - global.abi.org - 04/06/2015 - 21:27 - 0 comments

Developer Johnny Ronan Exits Nama

Developer Johnny Ronan has repaid his debts to the National Asset Management Agency (Nama) using cash raised from US and UK investors, Mr Ronan was one of the highest profile developers during the property boom that ultimately led to the Republic’s finan ...

Daily Headline - global.abi.org - 04/01/2015 - 22:33 - 0 comments

IBRC Liquidators To Continue Legal Action Against Michael Fingleton

The joint special liquidators of the Irish Bank Resolution Corporation have said they intend to continue with the bank’s legal action against the former chief executive of Irish Nationwide, Michael Fingleton, the Irish Times reported. In a statement, ...

Daily Headline - global.abi.org - 04/01/2015 - 22:34 - 0 comments

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