Date-stamp loading
Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 21 December 2009 - onwards
  Version 2 of 2    

182. Damages to be only remedy for certain claims.

(1) Subject to subsection (2), a claim to which this Chapter applies gives rise only to a remedy in damages or other relief that does not in any way affect the bank asset, its acquisition, or the interest of NAMA or the NAMA group entity or (for the avoidance of doubt) any property the subject of any security that is part of such a bank asset.

(2) A person may apply for an order that the person may apply for a remedy other than or in addition to that permitted by subsection (1) in relation to a claim to which this Chapter applies.

(3) An application for an order mentioned in subsection (2) shall be made only by leave of the Court. An application for such leave may be made ex parte.

(4) Leave shall not be granted to apply for an order under subsection (2) unless the Court is satisfied that the application raises a substantial issue for the Court's determination and -

(a) the application for leave is made to the Court within 30 days after the later of -

(i) the notification by the partic

Comparing proposed amendment...