Friday September 25, 2020

Japanese bank tries to shut down Irish financial firm

Japanese bank Nomura will face other creditors of the Irish financial firm Structured Credit Company (SCC) in the High Court this week as it bids to have the company shut down.

1st September, 2007

Japanese bank Nomura will face other creditors of the Irish financial firm Structured Credit Company (SCC) in the High Court this week as it bids to have the company shut down.

Nomura will argue that SCC is not viable, and that it would be best to crystallise its losses now, rather than allow them to accelerate. The bank asked the High Court to put SCC in provision liquidation two weeks ago, in an effort to...

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