This morning in a courtroom in London Derek Quinlan, one of the most prominent financiers during Ireland’s Celtic Tiger, filed for bankruptcy. Thirteen years after Quinlan entered the National Asset Management Agency as its number one client due to the scale of his personal and associated borrowings, he has been forced to go bankrupt. Quinlan was involved in some of the biggest property deals in Ireland and Britain at his peak. He was famously involved in acquiring London’s Savoy hotel group for £750 million sterling (over €1.14 billion) in 2004. Later the Savoy Hotel was sold-off leaving three other world-class…
Cancel at any time. Are you already a member? Log in here.
Want to continue reading?
Join today with an Annual membership and get full access to The Currency for just €200 (68c per day) or try monthly membership for just €5 for your first month.