Ireland

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Laffoy Comments May Affect BOSI Distressed Mortgages

Comments by a Supreme Court judge on a matter of law could have implications for many hundreds of distressed mortgages loaned by the former Bank of Scotland (Ireland), the Irish Times reported. At the end of 2010 a cross-border merger took place betw ...

Daily Headline - global.abi.org - 03/29/2015 - 21:55 - 0 comments

AIB Obtains €9.3 Million Orders Against Galway Businessmen

Allied Irish Banks (AIB) has obtained €9.3 million judgment orders on consent at the Commercial Court against Galway businessmen Tom and John Nestor. The bank also secured orders allowing it to enforce the judgment across the EU, the Irish Times repo ...

Daily Headline - global.abi.org - 03/23/2015 - 20:38 - 0 comments

David Drumm Seeks More Time To File Appeal Papers In US

Former Anglo Irish Bank chief executive David Drumm has made an emergency request to a US court seeking more time to file legal papers arguing why it should overturn a ruling blocking a write-off of his debts, the Irish Times reported. Mr Drumm asked ...

Daily Headline - global.abi.org - 03/17/2015 - 20:51 - 0 comments

Michael Noonan Seeks More Flexibility For Ireland Following Two-Year Deficit Deal For France

Minister for Finance Michael Noonan has urged the European Commission to grant greater flexibility to Ireland in the application of budget rules to allow more “budgetary space” in October’s budget, the Irish Times reported. Minister Noonan raised the ...

Daily Headline - global.abi.org - 03/10/2015 - 22:29 - 0 comments

Howlin Lashes The Banks For Insolvency Conduct

Public Expenditure Minister Brendan Howlin has become the latest senior Cabinet member to criticise mainstream banks over their conduct in personal insolvency cases. Mr Howlin warned banks that they must engage with customers in arrears instead of pushin ...

Daily Headline - global.abi.org - 03/10/2015 - 22:31 - 0 comments

Central Bank Inspectors Investigating Shadow Lenders

Fresh from putting the squeeze on banks to behave themselves, regulators are scrutinising so-called shadow banks, alternative lenders such as investment funds doing big business out of countries like Ireland, the Irish Times reported. The third-bigge ...

Daily Headline - global.abi.org - 03/09/2015 - 20:22 - 0 comments

IBRC Liquidation May Lead To Paying Unsecured Creditors

The liquidation of IBRC has created a surplus which is likely to be enough to pay off all the unsecured creditors, an update to be published by the liquidators shortly will reveal. This is good news for the exchequer, as it means it will recoup the €1.1 ...

Daily Headline - global.abi.org - 03/08/2015 - 22:11 - 0 comments

Media Executives And Journalists To Appear Before Banking Inquiry

A number of current and former media executives will appear before the Oireachtas Banking Inquiry later this month as it continues its investigation into the collapse of the financial sector here in late 2008 and its subsequent rescue by the State, the ...

Daily Headline - global.abi.org - 03/05/2015 - 00:13 - 0 comments

The Insolvency Regime Needs To Be ‘Energised’ Because Not Enough People Are Using It

In the face of growing criticism of the current personal insolvency laws, the government has acknowledged that the current regime needs to be “energised”, TheJournal.ie reported. The coalition will oppose Fianna Fáil’s Family Home Mortgage Settlement Arr ...

Daily Headline - global.abi.org - 03/03/2015 - 22:36 - 0 comments

Creditor Gets Interim Charge Order On John Sheehan Interest In Galway Clinic

A company that obtained a €2.8 million judgment against Joseph Sheehan and John Flynn, two of the main shareholders in Dublin’s Blackrock Clinic, has secured interim charging orders over Mr Sheehan’s shares in a firm that owns a half share of the private ...

Daily Headline - global.abi.org - 03/01/2015 - 21:35 - 0 comments

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