McKillen firm moves against IBRC

The Irish property company that owns Dublin's landmark Powerscourt shopping centre has issued legal proceedings against the Irish Bank Resolution Corporation (IBRC).

14th September, 2013

The Irish property company that owns Dublin's landmark Powerscourt shopping centre has issued legal proceedings against the Irish Bank Resolution Corporation (IBRC) over a multi-million dollar debt refinancing deal.

Clarendon Finance, along with a US sister firm, 265 Franklin Street Associates, is suing the bank, arguing it had an agreement with the former Anglo Irish bank to refinance its debt. Papers were lodged on Friday.

With the bank now in liquidation, the deal has stalled, but...

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