High Court approves provisional liquidator for two Carroll companies; Investment body chief warns on NAMA forcing big “haircut” on toxic loans
Aug 12th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The High Court today approved the appointment of a provisional liquidator to two companies owned by the embattled developer, Liam Carroll following Tuesday's Supreme Court decision to refuse court protection for his his companies. Meanwhile, the investment management industry body said today that "bad bank" NAMA should resist paying a big discount/"haircut" on the estimated €90 billion of mainly toxic property loans, which it will acquire from the banks.