Tuesday June 2, 2020

Widow has right to know price vulture fund paid for debts

In a recent judgment, Oaktree offshoot OCM was ordered to disclose to Eileen Courtney details of the sale despite the fund’s claim that this was commercially sensitive data

31st March, 2019
Justice Robert Haughton

The wife of the late investor David Courtney is entitled to know what price a vulture fund paid for her debts after Nama allegedly turned down her offer of €2 million, the Commercial Court has ruled.

In a recent judgment, Oaktree offshoot OCM was ordered to disclose to Eileen Courtney details of the sale despite the fund’s claim that this was commercially sensitive data.

Justice Robert Haughton found the information was relevant to...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

The former NTMA head says he is ‘quite alarmed’ at the potential for legal actions over the large number of deaths in nursing homes during the crisis

Michael Brennan | 4 weeks ago

Oil storage in the self-styled ‘Pipeline Crossroads of the World’ is full to the brim, but the black stuff keeps on coming. With much of the world’s economy in a Covid-19 slowdown, at one point last week, benchmark US crude oil was priced at minus $37.63 a barrel

Barry J Whyte | 1 month ago

Every time Donald Trump spoke on the Covid-19 crisis last week, the stock markets plunged by another point

Marion McKeone | 2 months ago