The High Court will be the setting today for a showdown between Treasury Holdings and the National Asset Management Agency (NAMA).
Treasury Holdings is trying to overturn the NAMA appointment of receivers to take control of parts its property portfolio.
At stake is real estate in the Dublin Docklands, St. Stephen’s Green Ballymun and beyond.
The assets have been pledged as security for NAMA loans of €500 million.
Treasury Holdings is one of the top 10 biggest debtors of the so-called bad bank.
It believes the move could disastrously effect its overall business.
Over a 4-day hearing Treasury lawyers will ask the High Court for permission to challenge the NAMA decision.
They will seek temporary orders stopping the receivers from taking action.
