Anglo Irish Bank Says Borrowers Would Hamper Asset Sale

Law360, Wilmington (December 06, 2013, 8:06 PM ET) -- Irish Bank Resolution Corp. Ltd., formerly known as Anglo Irish Bank, asked a Delaware bankruptcy judge on Thursday to reject a motion by borrowers seeking to impose conditions on the sale of its U.S. assets, saying the conditions would prevent IBRC from maximizing the assets' value.

MPA Granada Highlands LLC and TBCI LLC, borrowers under separate loans issued by Anglo Irish Bank, urged the Delaware court in a Nov. 15 motion to limit the potential bidders for their loans as well as the information that can...
To view the full article, register now.