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Did Ulster Bank actual sell their mortgages to Promontoria ( Aran ) Ltd ?

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    #32
    FreudianSlippers
    Registered Users Posts: 20,397 ✭✭✭✭FreudianSlippers


    Forbearance wrote: »
    Sarenco,
    I haven't a clue what that means :confused:
    ultimately even the demands of precedent must yield to the supremacy of European Law.
    You realise that doesn't make sense right?


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    #33
    Forbearance
    Registered Users Posts: 88 ✭✭Forbearance


    It means you condescending sophist.



    High Court Justice Max Barret must be mixed up then. Bless him.


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    #34
    hullaballoo
    Administrators, Entertainment Moderators, Social & Fun Moderators, Society & Culture Moderators Posts: 18,710 Admin ✭✭✭✭✭hullaballoo


    OP site-banned. Thread closed.

    If anyone wants this thread re-opened, PM me with your reasons and I will take them under advisement.


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    #35
    Robbo
    Moderators, Social & Fun Moderators, Society & Culture Moderators Posts: 10,555 Mod ✭✭✭✭Robbo


    Forbearance wrote: »
    It appears, with a bit of investigation, that on the 16/12/2014, Ulster Bank Ireland Limited actually assigned all it' rights, title, interest and benefit to a tranche of it's mortgages to Promontoria Holding 128 B.V. and not Promontoria Aran Ltd as alleged by the bank. Is this fraudulent misrepresentation on behalf of Ulster Bank ? Just what is actually going on ?
    Moderator Post-Script:

    On appeal, it's been found that the loan transfer was in order. The OPs thread title can be answered in the affirmative.
    62. The Court is therefore satisfied that the defendant/applicant has discharged the burden on the balance of probabilities of showing that Promontoria (Aran) Limited has duly acquired Ulster Bank Ireland Limited’s interests in the plaintiff’s loans, facilities and mortgage.

    63. The Court therefore proposes to lift the stay previously imposed on the receivership on the grounds that the defendant has now shown to the plaintiff that it has duly acquired Ulster Bank Ireland Limited’s interests in his loans, facilities and mortgage.


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