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Sat 07 Jul 2009Legal principle may 'bullet-proof' Nama
THE GOVERNMENT will rely on the legal principles underpinning the social and affordable housing scheme to shield the National Asset Management Agency (Nama) against court challenge from developers.
Ministers accept that the “bad bank” faces a threat of legal action on the grounds that its procedures will intervene in property rights enshrined in the Constitution, but they believe precedents set by the affordable housing scheme will help “bullet-proof” Nama against any challenge.
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