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Sat 07 Jul 2009Irish Nationwide seeks £40m from debtor
IRISH NATIONWIDE Building Society has appointed administrators to a UK property development company to recover a debt of about £40 million (€46 million).
The building society appointed accountants Malcolm Cohen and Shay Bannon of London firm BDO Stoy Hayward joint administrators to Watchword, a firm controlled by developers Nick Lebetkin and Laurence Selman, last month.
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