Derek Quinlan was Nama's biggest borrower, and he repaid it the most money in its history. The financier could not, however, repay his creditors everything and filed for bankruptcy in 2022. After a one year extension, he is now out.
The property investor who during the Celtic tiger led the syndicate that bought The Savoy Group of landmark London hotels has filed for bankruptcy in Britain. In a statement, Derek Quinlan explains why he decided to do so.
Iranian-born businessman Robert Tchenguiz bought a €55 million debt of Derek Quinlan for just €5,000 – and called it in. The Irish financier has countersued and is prepared to fight his action.
There were eight Nama loan books linked to Quinlan Private – only one made a loss. What went wrong?
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