Mason Hayes & Curran have published a useful summary of the recent decision regarding Mars Capital. Their detailed review may be seen at the following link:
http://www.mhc.ie/latest/insights/insolvency-update-a-speed-bump-for-purchasers-of-loans
Following the acquisition of a loan portfolio from Irish Bank Resolution Corporation Limited (“IBRC”), Mars Capital Ireland Limited (“Mars”) sought an order substituting it as plaintiff in lieu of IBRC, in the proceedings...
Speed bump for purchasers of loans
http://www.mhc.ie/latest/insights/insolvency-update-a-speed-bump-for-purchasers-of-loans
Following the acquisition of a loan portfolio from Irish Bank Resolution Corporation Limited (“IBRC”), Mars Capital Ireland Limited (“Mars”) sought an order substituting it as plaintiff in lieu of IBRC, in the proceedings...
Speed bump for purchasers of loans