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IBRC lodges claim for €16m against ex telecoms boss

THE former Anglo Irish Bank has lodged a €16m debt claim against ex telecoms boss Oisin Fanning and a claim of more than €7m against his partner Pear Roche.

But the long running dispute may be settled after a series of "fruitful" set of talks.

The Irish Bank Resolution Corporation (formerly Anglo), which is now in Special Liquidation, has been involved in "very intensive negotiations" with Mr Fanning and Mr Roche since 2009 when the High Court ordered that Anglo was entitled to possess the couple's home in Naas, County Kildare.

This morning (MON) the debt claim was admitted on consent to the fast track Commercial Court, the big business division of the High Court.

But the directions aspect of the proceedings were immediately struck out with the consent of the couple and the bank.

In the event that settlement terms are not agreed or adhered to by the defendants, the case may be reactivated or re-entered into the system.

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