The controversy surrounding the sale of Nama loans secured on properties in Northern Ireland has focused on the discount given to their buyer. A forensic investigation reveals how much Cerberus made from the deal.
Acting through a Luxembourg entity, Apollo has appointed KPMG as receiver over six shopping centres, a move designed to facilitate the sale of the portfolio to a Canadian buyer.
Carey claimed to be due an insurance payment, so asked the entrepreneur for a short-term loan. However, the Kilkenny hurling star never repaid it.
The two American financial giants paid €322m for the discounted mortgage book offloaded by Rabobank almost three years ago. They are still bouncing some borrowers around in search of higher profit.
Companies that got comfortable with large amounts of debt are having to adjust to tighter credit and rising interest rates. This investigation reveals the Irish companies that have the highest exposure, and the one thing they all have in common.
After splitting a lucrative portfolio of Irish distressed debt with Morgan Stanley, Cerberus is on track to double its money on the 2018 Scariff deal.
The HSE halted payments to the Mater Private amid concerns that it was being billed for hefty intercompany interest bills paid to a Luxembourg entity. The High Court has largely ruled in its favour.
Cabot Financial Ireland and its Dublin subsidiaries have grown their assets and revenue from non-performing loans acquired from Portugal to Poland – as well as the taxable Irish profit arising from this business.
A property developer borrowed millions from his company and never paid any tax. When challenged, the company said its owner was acting illegally. The resulting case has shone a light on the tax implications of so-called “soft company loans”.
Following recent missed payments on debts totalling $2.75 billion, bondholders including a British investment firm with Irish connections are considering their options against GTLK Europe.
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