Carroll lawyer warns on constitutional issues

Some lawyers are ‘shocked’ at provisions in the bill to establish Nama, writes Gavin Daly

29th August, 2009

The head of a law firm that acts for several large developers has warned that the proposed legislation for the National Asset Management Agency (Nama) may be unconstitutional.

Alan Murphy, managing partner of Eversheds O’Donnell Sweeney, said that the Nama bill ‘‘seeks to circumvent a lot of established legal principles’’ and would give the body considerable powers.

‘‘There are certain aspects of it that you’d wonder about their constitutionality....

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