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Fri 12 Dec 2008Court undoes bank loan security
ACC takes a €378,000 hit on €1.37 loan secured on Ocean Bar lease as firm takes refuge in quirk of Irish examinership law, writes Barry O'Halloran
BANKERS AND developers are likely to have paid close attention to a High Court case that virtually slipped under everybody else's radar earlier this week. It has far-reaching implications both for business lenders and borrowers.
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