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[UPDATE: 4th February, 2012. The judgment is now available online at bailii.org and is discussed in an update at the bottom of this page] Coincidentally a million euro for every minute of notice that was given by NAMA to Paddy McKillen last September in advance of the sale of €800m of loans by the Agency […]

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This morning the Irish Central Statistics Office (CSO) has released its preliminary analysis of the five-year census that was undertaken on 10th April, 2011. In the so-called inter-censal years, we rely on estimates from the CSO and the Economic Social Research Institute, so the actual census results are eagerly awaited. Here are the highlights (1) […]

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They say a week is a long time in politics; well certainly, two months can be an eternity in media. Just over two months ago, there was a blogpost on here examining the finances of media companies operating in the State and suggesting that they would need an imminent bailout. Since then, the Thomas Crosbie […]

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Week Ahead 15th-21st April 2013 Main Irish economy, property and political events this week General We MAY get the top-level NAMA results for 2012 (NAMA CEO indicated as much 3 weeks ago) We MAY get the NAMA management accounts and report for Q4,2012 & 2012 mgt accounts 10th Troika review of bailout scheduled to start […]

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No further news on the curious events last month, when Ulster Bank obtained approval from the High Court in Dublin to serve Sean Dunne with bankruptcy proceedings over a €164m judgment, but at the time, there was speculation that the move might have been related to an ongoing legal battle between Gayle Dunne and Ulster […]

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We’ve known about NAMA’s pursuit of Dublin businessman and pub-owner David Cullen for some months. There have been at least two preliminary hearings in the High Court on NAMA’s application for a €29m judgment against the businessman whose loans transferred to the Agency. David is now resident in Notting Hill in London and is pursuing […]

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Well, senior bondholders in Irish Bank Resolution Corporation will seemingly have walked away with 100c in the euro, but depositors will now take a hit on their accounts. Last week, Minister for Finance, Michael Noonan confirmed in response to parliamentary questions that at 31st January 2013, IBRC had €323m of deposits. Although not exactly confirmed in […]

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Best country of the week Malta. Quinn: You are living in a flat in Malta so you can reduce your tax bill on hundreds of millions of dollars. O’Brien: I don’t work in Ireland – 95 per cent of my businesses are scattered around the world from Fiji to the Caribbean. The High Court defamation […]

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The redoubtable Mr Justice Peter Kelly is out of sorts. Not only is he a little upset that he is required to rule on matters in the Quinn saga, based on an Act, the IBRC Act 2013 rammed through the Oireachtas last week, without actually seeing a copy of the Act, because the bunch of […]

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Table of the Week It seems to have gone largely unnoticed that the Government’s own plans are to reduce headcount in the public sector in 2013 by 7,404 so-called “whole time equivalents” It remains unclear how many employees this will affect, as two employees working half-time would make just one “whole time equivalent”. But what […]

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