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Liam Carroll Lives

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Comments

  • #202
    rfoll
    Closed Accounts Posts: 1 ✭rfoll


    As the building I live in is owned by Liam Carroll (and I pay rent directly into his (one of many I'm sure) bank account), could anyone tell me what implications does this have for renters?


  • #203
    SkepticOne
    Closed Accounts Posts: 6,718 ✭✭✭SkepticOne


    rfoll wrote: »
    As the building I live in is owned by Liam Carroll (and I pay rent directly into his (one of many I'm sure) bank account), could anyone tell me what implications does this have for renters?
    My guess is very little. The building will always be owned by someone and that someone will continue to want rents.


  • #204
    Sand
    Registered Users, Registered Users 2 Posts: 12,895 ✭✭✭✭Sand


    At last...a complete shambles of a court case finally comes to its long overdue end. Only question is has it been delayed and played out long enough to allow it to limp over the finishing line into NAMAs warm embrace?


    Hopefully the assets will be pushed out into the market and well get a real idea of what the collateral on the NAMA loans is worth. The assumption that NAMA is overpaying by 7 Billion ( 54 billion for 47 current market value) places a lot of weight on the validity of the estimated 47 billion current market value. They could be worth far, far, far less. The impact of Zoe Groups assets on the market will tell us a fair bit.

    I wouldnt be innocent enough to believe that the kleptocracy hasnt been scheming for the inevitability of the rejection of Zoes case...again.


  • #205
    andrewdeerpark
    Registered Users, Registered Users 2 Posts: 951 ✭✭✭andrewdeerpark


    I have to say at least some faith has been restored in the legal system.

    http://www.independent.ie/business/irish/its-over-carroll-loses-final-battle-to-save-an-empire-1905965.html

    As a critic of all the legal merry go round Carroll was allowed in the first place its only right he has run out of road.

    He wasted the courts time and was allowed an unprecedented 2nd Supreme Court bid. Some faith has been restored, in particular the acknowledgement that he should never have got a second Supreme Court sitting. Loose at the Supreme Court and that is the end of the line.

    Wonder what the legal bill was for all this and if Anglo Irish are putting up the money? Senior counsel won’t be out of pocket anyway!


  • #206
    bauderline
    Registered Users, Registered Users 2 Posts: 899 ✭✭✭bauderline


    ZOE GROUP[EOL]

    My reading of it is that any of the company's that go into receivership cannot passed over to NAMA as bad loans... am I right ? Anyone know what the criteria is ?

    Is there anyway the banks can now sit on this to get the loands tied into NAMA ?

    Also it is very unlikely that you will see a firesale or asset dump, a lot of the assets are worth very little at the moment, so the term they are using is "drip feeding" properties onto the market... so don't go expecting to get a clear idea of true asset value anytime soon.


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