This new title will comprise the full text of the (Irish) National Asset Management Act 2009, with detailed notes, including definitions, and cross-references.
The National Asset Management Bill 2009 has been widely described in the Irish media as the most important piece of legislation in the history of the state. It is the Irish government’s attempt to resolve the current economic and banking crisis in Ireland.
The plan is to establish the National Asset Management Agency to function as a ‘bad bank’, acquiring all property development loans of over €5m from Irish banks. There is widespread confusion about what the Act will do so this book will be invaluable
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