AIB spent the bones of a decade fighting a Dundalk fish farm whose boss took a case on lay representation all the way to the Supreme Court. Now a receiver has been appointed over its assets.
The deveoper's plan was to build a hotel and sports museum in Sandymount. But last August alternative lender Lotus Decalia appointed a receiver over property assets at the site. Now the receiver is seeking an order for vacant possession of a premises.
Commercial property firms are failing, restaurants are closing, streets are emptying. Billions in warehoused debt remains warehoused with the tax authority. These are some of the more obvious economic scars from the pandemic.
New documents reveal just how much creditors will lose on the failure of Roadbridge, one of the country’s s biggest civil engineering and construction companies. They also disclose new details about its assets, and who they are pledged to.
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