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Full coverage: NAMA

A gambit that exposed a deeper policy vacuum: Rewinding the week that was

The reversal of Brendan McDonagh’s role as housing tsar lays bare the dysfunction at the heart of Ireland’s political response to its housing emergency.

Ian Kehoe
4th May, 2025 - 4 min read

Anatomy of an eagle: The seven-year probe into one of Nama’s most contentious sales

The long-awaited report from the commission into the sale of Project Eagle is not a clean bill of health for Nama with criticism over how it managed the “success fee” controversy.

Niall Sargent
25th Feb, 2025 - 5 min read

10 years a vulture – part 3: How Ireland paid Cerberus €1bn, and counting, to deal with its bad debts

Nama and Ulster Bank were the biggest early sellers of non-performing loans to the US vulture fund, along with European banks. With the benefit of hindsight, how do those deals compare?

Thomas Hubert
6th Feb, 2025 - 6 min read

O’Flynn companies refused punitive costs order against former employees

The O'Flynn companies wanted the court to show its disapproval at the defendants' conduct in raising unfounded claims of fraud and lying mid-trial. Instead, the court weighed up both sides' behaviour in the case.

Francesca Comyn
5th Feb, 2025 - 3 min read

Gerry Gannon – the man in the hat – poised to finally exit Nama after 14 years

Gerry Gannon is one of Ireland's most prolific housebuilders, building almost 15,000 homes in the greater Dublin area. Now his loans are being sold by Nama to a Kerry entrepreneur based in the US.

Tom Lyons
13th Dec, 2024 - 3 min read

Derek Quinlan exits bankruptcy and returns to work “with optimism”

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.

Tom Lyons
25th Nov, 2024 - 2 min read

“Family heritage and loyalty”: Succession row plays out in construction dynasty

Valued at over €70 million, Walls Construction Ltd is in the middle of a shareholder battle over diluting equity to reward the new management team. Can the sides reach a "sensible resolution" out of court?

Francesca Comyn
26th Feb, 2024 - 8 min read

“Clandestine activity”: Court makes ruling against Paddy McKillen in misfeasance suit

The Belfast-born magnate has been refused additional discovery orders in his long-running lawsuit against the minister for finance and former secretary general John Moran relating to his IBRC loans and contacts with the Barclay brothers.

Francesca Comyn
9th Feb, 2024 - 4 min read

The Eagle has landed: How Cerberus exceeded a 50% return on controversial Nama northern portfolio

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.

Thomas Hubert
10th Mar, 2023 - 6 min read

Project Eagle and the £30 million lawsuit against NI law firm Tughans

Tughans is being sued by major law firm Brown Rudnick over the controversial fallout of Northern Ireland's biggest property deal. Luckily for the firm, a recent court ruling in London will see it backed by its insurer RSA.

Francesca Comyn
21st Oct, 2022 - 4 min read
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