‘Trench warfare’ as vultures swoop on Irish NPLs

Carrion_AdobeStock_575x375_09February21
By Tom Brown
15 Apr 2021

Private equity "vulture funds" are tightening their grip on Ireland after a Covid-19 parliamentary bill opened up more mortgages for repossession. But legal practitioners are working with non-profits to stop PE firms from “scraping the barrel” of defaulted mortgage debt.

On a grey morning earlier this month outside the Ard-Chúirt; the High Court of Ireland, two men had just exited the lobby. One of them was Edmund Honohan, Master of the High Court, a post that is, according to the Association of Judges of Ireland, a "quasi-judicial office"

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial