Dealmaker in the Spotlight: For the international $113 billion rescue package aimed at shoring up Ireland’s teetering government finances, the Irish government relied on Pádraig Ó Ríordáin, managing partner of Dublin’s Arthur Cox, to negotiate the loans. Ó Ríordáin has represented the government since the banking crisis hit in 2008, advising on the creation of the National Asset Management Agency to buy bad loans and the nationalization of the Anglo Irish Bank Corporation Limited. In November, during what Ó Ríordáin calls an “intense ten days,” he negotiated separate deals with lenders that include the European Union, the International Monetary Fund, the United Kingdom, Denmark, and Sweden. “This is more of a refinancing,” he says. “It’s not a bailout insofar as people are writing us checks. These are loans.”
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