Wednesday October 21, 2020

IBRC commission may not be able to investigate dozens of transactions in ‘meaningful way’

The Commission of Investigation into IBRC sales has said that 28 of 37 transactions under scrutiny involve entities incorporated outside the state and may not be amenable to its jurisdiction

Ian Guider

Markets Editor

29th September, 2020

The long-awaited report into the sale of Siteserv, the construction services company, has been delayed until next April at the earliest as the judge overseeing the probe into the Irish Bank Resolution Corporation’s asset sales has warned it may not be able to undertake any meaningful investigation into other transactions involving the now defunct bank.

The Commission of Investigation into IBRC sales was due to complete its work into the sale of Siteserv...

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