Vulture Funds And State Aid In Ireland – A Prima Facie Case?
Ed Honohan, Master of the high court, visited me today in the European Parliament to talk about vulture funds and building a case with DG competition on how these funds have an unfair competitive advantage on others. pic.twitter.com/FkehgeUk3S — Luke ‘Ming’ Flanagan (@lukeming) March 19, 2019 Yesterday morning in the European Parliament, by invitation of […]
Vulture Funds Preying on Farm Families – IFA
Addressing the Joint Oireachtas Committee on Finance today, IFA President Joe Healy accused vulture funds of killing off farm businesses that have the potential to repay their debts over time and return to viability. He said this short-term debt recovery approach is damaging as the repayment capacity of the business is not considered. This […]
IFA Opposes Land Sale In Co. Meath By Vulture Funds
The Irish Farmers Association is opposing the forced sale of lands in Co Meath by vulture fund Promontoria, which is trying to force a family to sell some of their land to settle debts. The land is due to be sold by online auction in the coming weeks. IFA Farm Business Chairman Martin Stapleton […]
IFA Ramps Up Campaign Against Forced Farm Sales By Vulture Funds
The Irish Farmers Association has announced a significant escalation in its campaign against vulture funds trying to force farm families to sell their farms to settle debts. At a briefing in Dublin today (Wed), IFA President Joe Healy said IFA would oppose any forced sale of farms by vulture funds where the farmer is […]
Taoiseach telling families to calm down is an insulting reply to PTSB mortgage crisis – Mattie McGrath TD
Independent TD Mattie McGrath has called on the Taoiseach, Leo Varadkar, to provide significantly more robust guarantees for the protection of families that are likely to be affected by the Permanent TSB mortgage crisis. Deputy McGrath was speaking after the Taoiseach attempted during Leaders Questions to insist that concerns were being exaggerated around the possible […]
IFA Launches Framework For Negotiations With Vulture Funds
IFA President Joe Healy today (Wed) announced the key principles the Association will apply in dealing with vulture funds in support of farmers with credit difficulties, as well as a strengthened farmer support network to deal with individual credit cases. The farm leader said that he wanted to send a strong and clear message that anybody […]