Nama argues case to be treated as a bank

Nama has argued that it should not be subject to judicial reviews because it is a public body, but should instead be treated like a private bank.

14th July, 2012
Nama argues case to be treated as a bank
Richard Barrett and Johnny Ronan, owners of Treasury Holdings, which has entered receivership. Photo: Photocall

The National Asset Management Agency (Nama) has argued that it should not be subject to judicial reviews because it is a public body, but should instead be treated like a private bank.

Paul Sreenan SC, counsel for Nama, made the arguments during the judicial review of the decision to appoint receivers to Treasury Holdings.

Treasury, which is owned by Johnny Ronan and Richard Barrett, claims the decision to call in its loans was made without...

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