Client Alert
Investment Opportunities Arising Out of Irelands Recently Established Bad Bank Scheme
May 04, 2010
Karl Clowry and Liam Mills
After intense legal and political debate in Ireland surrounding the establishment and structure of the National Asset Management Agency (NAMA), recent announcements regarding the process by which distressed assets are to be transferred from the five institutions participating in Irelands bad bank scheme (namely Anglo Irish Bank Limited (Anglo Irish), The Governor & Company of the Bank of Ireland (Bank of Ireland), Allied Irish Bank plc (AIB), Irish Nationwide Building Society (NBS) and EBS Building Society (EBS), collectively the Participating Banks), are likely to concentrate investors' minds on potential opportunities for acquiring distressed assets in Ireland, the United Kingdom and other jurisdictions.
In this Stay Current, lawyers from the Paul Hastings Restructuring and Finance practice explore recent developments with respect to NAMA, and the potential opportunities such developments may create for investors.