Wednesday January 29, 2020

Playing hardball is risky move

ACC’s decision to press for a liquidation of Liam Carroll’s companies has left it in a potentially worse situation, with no Nama benefits and limited control over the final outcome, writes David Clerkin, Markets Correspondent

15th August, 2009

Most textbooks on the fine art of negotiation tell readers that the point of maximum leverage is immediately before a threat is carried out. ACC passed that point last week, however, pulling the trigger on heavyweight developer Liam Carroll by appointing a provisional liquidator just hours after Carroll failed in his Supreme Court bid to get court protection from his creditors.

But the bank, owned by Dutch giant Rabobank, may be about to find out...

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