Freshfields Bruckhaus Deringer, Arthur Cox and McCann FitzGerald have secured key advisory roles as the Irish Government moves to split troubled lender Anglo Irish Bank into two parts. Anglo Irish has teetered on the edge of insolvency since the collapse of Ireland's economy amid the global economic downturn two years ago. Amid rising fears over the bank's debts, Ireland's finance ministry released a statement on Wednesday (8 September) detailing the decision to split Anglo Irish into a "funding bank" and an "asset recovery bank," with plans to wind down the latter over several years.
September 10, 2010 at 09:38 AM
1 minute read
The original version of this story was published on Legalweek
Freshfields Bruckhaus Deringer, Arthur Cox and McCann FitzGerald have secured key advisory roles as the Irish Government moves to split troubled lender Anglo Irish Bank into two parts, reports The Am Law Daily.
Anglo Irish has teetered on the edge of insolvency since the collapse of Ireland’s economy amid the global economic downturn two years ago.
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