Irish developer wins High Court battle to challenge NAMA ruling
 

Irish developer wins High Court battle to challenge NAMA ruling

Monday, April 2, 2012. admin @themovechannel

Irish property developer Treasury Holdings has won a High Court bid to challenge a decision by the country’s state-run National Asset Management Agency (NAMA) to appoint receivers on some of the company’s property assets.

Irish property developer Treasury Holdings has won a High Court bid to challenge a decision by the country’s state-run National Asset Management Agency (NAMA) to appoint receivers on some of the company’s property assets.

The international multi-billion euro property group claimed that it was not notified prior to NAMA calling in the loans late last year and that it was not given the “opportunity to be heard”.

The agency made a decision to call in the receivers in relation to 35 properties and debts of €900 million ($1.19 billion) without notifying the company for over a month, according to Treasury.

Source: OPP.org.uk

 


Author - Dan Johnson

Tags

Share this Article:

Other recent new listings in Ireland


Farmhouse for sale in County Cork

Ireland » County Cork

£476,160

Farmland for sale in Drumandoora

Ireland » Drumandoora

£555,520

House for sale in County Dublin

Ireland » County Dublin

£1,309,440

Follow TheMoveChannel.com:

Get our news by email

Submit

Most Popular Articles


›› FULL NEWS ARCHIVE