‘Novel approach’ to liquidation of credit union

Barry J Whyte

Chief Feature Writer @whytebarry
24th December, 2014

The liquidation of Berehaven Credit Union should not be “a coldly rational decision-making process”, a High Court judge has said.

Last month, Justice Max Barrett effectively farmed out the court’s power to wind down the bust institution, but not without several significant qualifications.

The liquidators of the credit union, Jim Hamilton and David O’Connor of BDO, working in conjunction with Dublin legal firm MD O’Loughlin, would be freed from the obligation...

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