Irish firm Arthur Cox has taken the lead role on the liquidation of Anglo Irish Bank, following the failure of a series of measures to rescue the troubled lender. The firm advised the Irish state and its Department of Finance on the liquidation and replacement of €28bn (£24bn) in promissory notes in the bank, known as Irish Bank Resolution Corp (IBRC) since 2011, with long-term Government bonds.
February 14, 2013 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
Irish firm Arthur Cox has taken the lead role on the liquidation of Anglo Irish Bank, following the failure of a series of measures to rescue the troubled lender.
The firm advised the Irish state and its Department of Finance on the liquidation and replacement of €28bn (£24bn) in promissory notes in the bank, known as Irish Bank Resolution Corp (IBRC) since 2011, with long-term Government bonds.
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