Treasury Holdings loses Nama judicial review

Treasury Holdings has lost its judicial review of Nama’s decision to appoint receivers to the company in January.

31st July, 2012

Treasury Holdings has lost its judicial review of Nama’s decision to appoint receivers to the company in January.

The company, founded by colourful developers Johnny Ronan and Richard Barrett, had challenged the decision of the state’s bad bank to appoint administrators at a time when two international players were in talks to buy the company’s debt. They had alleged that Nama had not followed fair procedure.

However, Nama had...

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