Ireland

Results for Ireland

Liquidators To Sell Anglo And Nationwide Staff Loans

IBRC’s special liquidators are gearing up to sell off loans owed by past and current staff of Anglo Irish Bank and Irish Nationwide with a face value of €30 million, the Irish Times reported. The sale is expected to attract interest from private equi ...

Daily Headline - global.abi.org - 08/27/2014 - 21:57 - 0 comments

Nama And Ulster Bank Seek To Block Dunne’s Bid To Stop US Bankruptcy Case

Sean Dunne’s two biggest creditors and the US court official investigating his financial affairs have objected to the insolvent property developer’s application to withdraw his US bankruptcy case, the Irish Times reported. At a hearing in a Connectic ...

Daily Headline - global.abi.org - 08/27/2014 - 21:57 - 0 comments

Judgment May Impact Future Company Liquidations

A judgment that may have significant ramifications for the Revenue Commissioners in future company liquidations has been handed down in the High Court by Mr Justice Dan Herbert, the Irish Times reported. The Revenue had asked the court for an order s ...

Daily Headline - global.abi.org - 08/27/2014 - 21:27 - 0 comments

Surprise As Dunne Tries To Drop US Bankruptcy Bid

Bust developer Sean Dunne is seeking to withdraw his application for bankruptcy protection in the US, Independent.ie reported. The dramatic and unexpected development came as the businessman claimed he no longer had the resources to fight efforts by NAMA ...

Daily Headline - global.abi.org - 08/24/2014 - 18:45 - 0 comments

Carl Scarpa Companies In The Black After €2.4 Million Write-Off

Two companies linked to the Carl Scarpa chain of 19 women’s shoe shops, which successfully exited examinership in January, retained combined profits of €515,000 in the year to the end of that month, according to their accounts, the Irish Times report ...

Daily Headline - global.abi.org - 08/24/2014 - 18:46 - 0 comments

SMEs With Property Debt Twice As Likely To Default, Report Finds

Irish SMEs that borrowed money to invest in property are almost twice as likely to default as similar-sized businesses without property debt, according to new research from the Central Bank. In its report, the bank calculates that 20 per cent of SMEs in ...

Daily Headline - global.abi.org - 08/20/2014 - 20:37 - 0 comments

Irish Banks In Limbo As ECB Stress Testers Pore Over Data

Europe’s banks have done the heavy-lifting in the toughest ever test of their financial strength, but an intensive quality assurance process and decisions still to be taken by supervisors means they cannot work out how they have fared, the Irish Times ...

Daily Headline - global.abi.org - 08/19/2014 - 21:31 - 0 comments

O’Flynn Succeeds In Removing Examiner From Building Firms

Cork brothers Michael and John O’Flynn have succeeded in removing the interim examiner appointed to four key companies in their construction group and have been put back in charge of their business by the High Court, the Irish Times reported. Ms Just ...

Daily Headline - global.abi.org - 08/13/2014 - 22:14 - 0 comments

O’Flynn Says He Can ‘Immediately Repay’ Personal Loans Of €24.9 Million

Michael O’Flynn has today written to Carbon Finance Ltd, a subsidiary of Blackstone, to inform the American multibillion investment fund that he can repay it his personal loans, the Irish Times reported. In a statement the Cork developer said he had ...

Daily Headline - global.abi.org - 08/12/2014 - 23:18 - 0 comments

U.S. Investigation into David Drumm Has Cost Nearly €1 Million

Investigations into the financial affairs of disgraced former Anglo Irish Bank chief executive David Drumm have cost almost $1m (€0.75m), the Irish Independent reported today. Lawyers hired to ... (€0.75m), the Irish Independent reported today. Lawyers hired to probe the banker's cash have submitted ...

Daily Headline - abi_admin - 08/11/2014 - 12:39 - 0 comments

Syndicate content