High Court rules Treasury Holdings can appeal NAMA decision

Real estate developer Treasury Holdings can appeal a decision by the National Asset Management Agency to appoint receivers for some of the company’s units, the High Court has ruled.

22nd March, 2012
High Court rules Treasury Holdings can appeal NAMA decision
NAMA should have notified Treasury Holdings of its decision to call in receivers, the High Court ruled.

Real estate developer Treasury Holdings can appeal a decision by the National Asset Management Agency to appoint receivers for some of the company’s units, the High Court has ruled.

NAMA had set a January 25th deadline for Treasury Holdings to pay back part of €1.7 billion in loans held by NAMA.

Hines Real Estate Holdings and Macquarie Group made an offer for the loans and “show continued interest and are willing to improve...

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