‘Highly adversarial’ legal row anticipated over Altada loan

The receiver subsequently sold Altada – which had hoped to achieve a $1 billion valuation last year – to Mr Goulding’s vehicle Cometgaze for a sum understood to be between €2 million and €3 million. This happened despite the fact that a separate, higher bid was entered by a consortium led by US business Jeffrey Leo, a founding shareholder in Altada.

Counsel for Revenue told the court that there are a number of questions around the validity of the debenture and Altada’s ability to enter into it given that it was likely insolvent at the time. Counsel for the debenture holders said there was unlikely to be much “factual controversy” surrounding the application although “significant legal controversy” is expected to arise.The matter has been listed for mention on Thursday March 16th.

Source: Law Daily Report (lawdailyreport.net)

Ireland Latest News, Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Can I lend half the proceeds of my house sale to a friend without Revenue involvement?Q&A: Lending to family and friends can leave you exposed. Revenue is not your biggest worry; a lack of proper paperwork might be You can do whatever you want. Screw the revenue. How would they know anyway. You can do whatever you want. Screw the revenue. How would they know anyway.
Source: IrishTimes - 🏆 3. / 98 Read more »

Nadhim Zahawi sacked as UK Conservative party chair over tax affairsFormer chancellor had agreed to pay millions to HM Revenue & Customs following a tax settlement
Source: IrishTimes - 🏆 3. / 98 Read more »

Lending to family and friends can leave you very exposedQ&A: Revenue is not your biggest worry: a lack of proper paperwork might be
Source: IrishTimes - 🏆 3. / 98 Read more »

Man forced to retire from UL awarded €50k at WRCA university has been ordered to pay €50,000 compensation to a 'highly valued' student counsellor it compulsorily retired at the age of 68. There has to be a cut off or newly trained professors teachers etc will fuck off out of here 66 should be it I work with men getting wages and old age pension it's wrong 😑 39K for 19 hours work for a student counsellor, the public sector is a gravy train especially in colleges and universities. GOOD. Forced retirement is an ageist, antiquated practice. Particularly in academia, you are basically getting rid of your best professors. It makes no sense.
Source: rtenews - 🏆 1. / 99 Read more »

Role of debt-collecting sheriffs to be reviewedReview group led by Department of Justice and Revenue Commissioner to look at whether there is a ‘more efficient and cost effective system of debt collection’ Start from the top down.
Source: IrishTimes - 🏆 3. / 98 Read more »

Dr Marie Cassidy eliminated from DWTS after movie week twistThey sashayed away after a highly entertaining movie week as the credits rolled on their time on the RTÉ show
Source: RSVPMagazine - 🏆 7. / 76 Read more »