Wednesday April 1, 2020

Nama flexes its muscles

In the first week of their court battle, Nama revealed its attempts to reach agreement with Treasury Holdings. Samantha McCaughren reports.

26th February, 2012
Johnny Ronan and Richard Barrett of Treasury Holdings at the Convention Centre. Treasury was 'in shock' when it read the email from Nama indicating a receiver would be appointed. Photo: Laura Hutton/Photocall

The country's 'bad bank' had a chance to bare its teeth in the Commercial Court last week, as Nama and Treasury Holdings went head-to-head over plans to appoint a receiver to the property company.

Nama, which has been showered with accusations of secrecy and extravagant costs, went into the courts well primed for this high-profile bout and appeared to land a number of body blows on Treasury.

Nama gives little insight into its affairs on...

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