IBRC begins legal action against Fingleton
The asset recovery body overseeing the wind-down of both Irish Nationwide and Anglo Irish Bank said yesterday it was filing legal documents — via a protective plenary summons — to the High Court, with the approval of Finance Minister Michael Noonan.
The significance of yesterday’s date for the filing is to avoid the statute of limitations — which sets a six-year maximum timeframe after an event for legal proceedings to be started — naturally blocking such a move.
