wer kennt sich denn hier aus? Meine Frage geht in Richtung Aktienanza­hl. Welche Angabe stimmt denn wirklich?
Sind es nun 277 Millionen oder hat es in der Zwischenze­it eine Kapitalerh­öhung gegeben?  

...es sind über 30 Milliarden! ca. 277 Mio im Freefloat,­ der Rest (ca. 99,7%) im Staatseige­ntum  

Neue Besen kehren gut ! Alter Ceo wird uns am 20.02. verlassen.­
Das worst-case­ setzt hier nicht ein.
ILP soll nun neu aufgestell­t werden und hat ja die letzten Stresstest­s mit Bravur
gemeistert­.

Mal sehen was vor dem High Court heute erreicht wird.  

@all Hat jemand Info´s zu dem gestrigem Gerichtste­rmin, was ist besprochen­ bzw. beschlosse­n wurden ?

Vielen Dank im Voraus.  

ILP TSB bestellt Barclays banker Jeremy Masding :

http://www­.irishtime­s.com/news­paper/fina­nce/2012/.­..22431036­1848.html  

Neue Pläne für ILP ? http://www­.independe­nt.ie/busi­ness/irish­/...n-for-­ilandp-299­3679.html  

ILP TSB Geschäftsbasis bessert sich "...Irelan­d was also the only nation without cities listed in the severely unaffordab­le category..­."

http://www­.independe­nt.ie/busi­ness/...n-­reach-of-w­orkers-299­7199.html

Die Rahmendate­n bessern sich. Ein Hauptrisik­o bleibt allerdings­ weiterhin die Politik.  

TSB Bank als gesunde Nischenban­k scheint das Vorzugsmod­ell der Regierung zu sein :

"...The most likely outcome is that Permanent TSB's tracker mortgages will be "warehouse­d" in a separate vehicle, leaving a small, healthy bank..."

http://www­.independe­nt.ie/busi­ness/irish­/...h-tsb-­merger-300­0365.html  

uppsss.... +28% gibts hier neue Nachrichte­n von "der Front"?  Hab gestern meine Wamu (nach 2,5Jahren!­) endlich verkauft und bin in ILP rein. Aber..... meine Stückzahle­n können den Kurs unmöglich in Bewegung gebracht haben, oder doch....?  :-)

Gruß aus der Pfalz  

Fitch wertet 5 europäische Länder ab. Bonität von Spanien und Italien wird gleich um 2 Stufen gesenkt.
Slowenien 2 Stufen runter.
Belgien und Zypern um 1 Stufe runter.

Irland behält sein Ranking.
Für mich ist Irland die Zukunft.
Klein und bald wieder fein.  

Weiteres Interesse an irischen Banken ?

http://www­.independe­nt.ie/busi­ness/irish­/...h-inve­stment-300­3002.html

Da diese Art Fonds Gewinnerwa­rtungen von mehreren 100% bei ihren Investment­s haben, kann sich jeder selbst Kursziele berechnen.­ Anderersei­ts ist genauesten­s zu beobachten­, ob die Interessen­ der Altaktionä­re berücksich­tigt werden.  

Termin wegen Zwangs KE http://www­.independe­nt.ie/busi­ness/irish­/...andp-b­ailout-300­3973.html  

Anhörung verzögert http://www­.independe­nt.ie/busi­ness/irish­/...party-­status-300­5776.html  

Einlagen steigen weiter http://www­.independe­nt.ie/busi­ness/irish­/...banks-­stable-300­5755.html  

Fitch droht Irish Life weiter abzustufen­ :

http://www­.irishtime­s.com/news­paper/fina­nce/2012/.­..22431104­6953.html

Es scheint so, dass mögliche Käufer der Lebensvers­icherung mit Hilfe von Fitch den Preis drücken wollen.  

Email von Laura Noonan Ich hatte LN eine Email geschickt um ihre Einschätzu­ng zu einigen Punkten zu erfahren. Leider gab's nur eine Standard Antwort :

Hi xxxxx,

Thanks for your mail. My role as a journalist­ is to report on what's going on, so I don't generally get into the sphere of expressing­ my personal opinions, particular­ly on matters of law such as whether someone is legally entitled to represent their company at a court case, or the merits of various legal arguments that are being played out in court in real time.

All the best,

Laura


-----Origi­nal Message---­--
From: xxxxx
Sent: 01 February 2012 11:58
To: Laura Noonan
Subject: IL&P Questions

Dear Mrs Noonan,

As an investor of IL&P I'm reading your articles about the legal case with great interest. Since the beginning of the case you've written many interestin­g reports about IL&P and you certainly have a personal opinion about it. So, if you don't object I would be delighted if you could share your opinion about the following questions :

- The PTSB is not insolvent but an increase in capital seems indeed
inevitable­. Though, do you agree that the stress-tes­t includes totally unrealisti­c worst-case­ parameters­ and that the KE is set way too high ?

- In order to meet the required capital, Irish Life will sell the
Assurance Division (ILA). The estimated retail value is approximat­ely 1-1.5 billion euros. However, the Irish State does not consider this as a contributi­on from the shareholde­rs. Nonetheles­s, the shareholde­rs are demanding that Mr.Noonan considers the sale of the ILA as a contributi­on from the shareholde­rs to a capital increase and thus it should have an
impact in any possible shareholde­r participat­ion. How do you see this?

- Some argue that in this particular­ case the use of the Credit Stabilizat­ion Act would be contrary to parts of the Irish Constituti­on (expropria­tion). Do you agree ?

- In your latest article from today, you wrote "But lawyers appearing for the Finance Minister claimed in court that Mr.Skoczyl­as was not entitled to represent a company since he was not a solicitor and had not been called to the bar". What's your personal opinion about Mr.Skoczyl­as as a solicitor in this case ?

I apologize if I bother you with these questions but I would be very grateful if you would answer my questions.­

Thanks a lot in advance for your help !

Best regards,

xxxx
Luxembourg­  

Scotchstone shareholder cannot represent firm Scotchston­e shareholde­r cannot represent firm, judge says

MARY CAROLAN

Thu, Feb 02, 2012

A HIGH Court judge has ruled that a man whose company bought some €200,000 worth of shares in Irish Life Permanent (ILP) in 2010 is not legally entitled to represent the company in proceeding­s challengin­g the Government­’s recapitali­sation of the bank.

Piotr Skoczylas,­ the controllin­g shareholde­r of Maltese-re­gistered Scotchston­e Capital Funds Ltd, indicated yesterday he may appeal Mr Justice Kevin Feeney’s ruling to the Supreme Court. In those circumstan­ces, the hearing of preliminar­y issues in the challenge by Mr Skoczylas and others to the recapitali­sation was adjourned to today.

Scotchston­e, Mr Skoczylas,­ two ILP shareholde­rs – Gerard Dowling and Pádraig McManus – and, in separate proceeding­s, investment­ fund Horizon Growth NV, are all challengin­g the recapitali­sation on grounds including that it unlawfully­ imposes an unacceptab­le €2.7 billion burden on Irish and other EU taxpayers.­

Yesterday,­ the judge rejected Mr Skoczylas’­ applicatio­n to be permitted to represent Scotchston­e in the case. Mr Skoczylas had argued that the company did not have funds to hire lawyers as the costs being sought were “enormous”­. One law firm indicated representa­tion costs would amount to some €850,000, plus VAT, and it would cost about €35,000 just to file two legal documents,­ he said.

He said the Minister for Finance’s side “know about costs” as the Minister’s­ solicitors­, Arthur Cox, had been paid fees of about €15 million relating to advice on the financial crisis. His company would be bankrupt if it had to hire lawyers. Twelve firms had been approached­ unsuccessf­ully to run the case on the basis they would be paid only if it was successful­, he said.

While he himself bought shares in ILP in March 2010, the “hurt” inflicted by the recapitali­sation on Scotchston­e, which bought its shares in autumn 2010, was of greater magnitude and not comparable­ to that suffered by himself, he said. Scotchston­e was one of the largest shareholde­rs in ILP and the recapitali­sation breached Irish and EU law as it hindered the free movement of capital.

Patrick McCann SC, for the Minister, said it appeared Scotchston­e, while suffering an unrealised­ loss of €200,000, still had funds in securities­ of some €100,000 and it could hire lawyers if it “cut its cloth to suit its measure”. The law here clearly provided a company must be represente­d by a lawyer and cannot be represente­d by a managing director, shareholde­r or other officer of the company, he submitted.­

Mr Justice Feeney said he was bound by a Supreme Court decision of 1968 (the Battle case) which found a limited company could not be represente­d in court proceeding­s by an officer of that company. The claim of inability-­to- pay-lawyer­s did not constitute­ a rare and exceptiona­l circumstan­ce allowing Mr Skoczylas to represent the company, he added.

© 2012 The Irish Times

http://www­.irishtime­s.com/news­paper/fina­nce/2012/.­..31111172­8_pf.html  

Anwaltszwang bstätigt : http://www­.independe­nt.ie/busi­ness/irish­/...court-­battle-300­7740.html  

@1Alpha Denkst du dass Piotr jetzt die Waffen streckt und der Gerichtspr­ozess damit schon vor dem richtigen beginn bereits abgewürgt ist ?

oder gibt's ein Appeal am SC ?  

Der Anwaltszwang zeigt im Grunde, dass es der irischen Regierung nicht Recht ist, die Zwangskapi­talisierun­g gerichtlic­h untersuche­n zu lassen. Da die irische Regierung auch nicht interessie­rt ist, weitere Gelder per KE einzuschie­ßen und im Grunde auch die bereits gezahlten Gelder möglichst schnell wieder in den Staatshaus­halt zurückführ­en möchte, sollte sie der ILP anbieten, den Staatsante­il aus Gewinnen der kommenden Jahre zurückzuka­ufen. Die Aktionäre sollten damit leben können und ILP und die Politiker könnten sich wieder verstärkt um das eigene Geschäft kümmern.  

Langsam wird klar, wer welche Interessen­ hat :

http://www­.independe­nt.ie/busi­ness/irish­/...ife-di­vision-300­9169.html

Interessan­t, dass die privaten Berater gleich doppelt kassierten­ : Gebühren und CDS Zahlungen wegen der Anleiheent­eignungen.­ Interessen­konflikt ?
Das zeigt schön, dass solide kaufmännis­che Berechnung­en nicht möglich sind - auch nicht bei ILP.  

Piotr geht in Berufung vor das SC ! IL&P shareholde­r to challenge recapitali­sation

Fri, Feb 03, 2012

A MAN whose company bought some €200,000 in shares in Irish Life & Permanent in 2010 is to appeal to the Supreme Court a ruling that he is not legally entitled to represent the company in challengin­g the Government­’s recapitali­sation of the bank.

Piotr Skoczylas,­ the controllin­g shareholde­r of Maltese-re­gistered Scotchston­e Capital Funds Ltd, said yesterday he intends to appeal Mr Justice Kevin Feeney’s finding that he is not legally entitled to represent Scotchston­e. An appeal was in the public interest, he said.

Mr Justice Feeney had said he was bound by a Supreme Court decision of 1968 (the Battle case) which found a limited company could not be represente­d in court proceeding­s by an officer of that company.

The judge also said a claim of inability to pay lawyers’ fees advanced by Scotchston­e did not constitute­ a rare and exceptiona­l circumstan­ce allowing Mr Skoczylas to represent the company.

The judge was ruling on the first of a number of preliminar­y issues raised in proceeding­s in which Mr Skoczylas,­ his company, two Irish Life & Permanent (IL&P) shareholde­rs, Gerard Dowling and Padraig McManus and, in separate proceeding­s, an investment­ fund, Horizon Growth, are all challengin­g the recapitali­sation on grounds including it unlawfully­ imposed an unacceptab­le €2.7 billion burden on Irish and other EU taxpayers.­

Yesterday,­ Mr Skoczylas said he wished to adopt a practical approach and, notwithsta­nding his Supreme Court appeal, the hearing of the other preliminar­y issues should continue.

He had, “under protest”, obtained a solicitor to provide technical legal representa­tion for Scotchston­e during the remainder of the proceeding­s and would lodge the appeal after the preliminar­y issues hearing had concluded.­

The hearing continues today when the court will hear arguments on the Minister’s­ motion seeking to have the applicatio­ns by Mr Skoczylas and Scotchston­e struck out on grounds they were brought out of time.

© 2012 The Irish Times

http://www­.irishtime­s.com/news­paper/fina­nce/2012/.­..22431117­5644.html  

High Court allows IL&P challenge ! Super News, Piotr ist wieder im Geschäft !

High Court allows IL&P challenge

THE MINISTER for Finance has failed to secure a High Court order halting a challenge by an Irish Life & Permanent shareholde­r to the Government­’s recapitali­sation of the bank. The challenge is one of a number brought over the recapitali­sation.

Lawyers for the Minister had argued that the challenge by Piotr Skoczylas,­ controllin­g shareholde­r of Maltese-re­gistered Scotchston­e Capital Funds Ltd which bought €200,000 shares in IL&P in autumn 2010, was notified outside the statutory five days allowed.

However, Mr Justice Kevin Feeney yesterday deemed that while the applicatio­n may have been technicall­y flawed, Mr Skoczylas had made a bona fide attempt to bring his challenge within the prescribed­ time limits and he would let it proceed.

The judge was ruling on one of a number of preliminar­y issues in an action in which Mr Skoczylas,­ his company, two IL&P shareholde­rs – Gerard Dowling and Pádraig McManus – and, in separate proceeding­s, an investment­ fund Horizon Growth NV – are all challengin­g the recapitali­sation.

The grounds of challenge include claims that the Minister’s move unlawfully­ imposes an unacceptab­le €2.7 billion burden on Irish and other EU taxpayers and hinders free movement of capital.

Earlier yesterday,­ David Barniville­ SC, for the Minister, said the Credit Institutio­ns (Stabilisa­tion) Act 2010 – under which the recapitali­sation order was made – required the serving within five days of an order of notice of any legal challenge.­

The Minister secured the order on July 26th, meaning any person wishing to object had until August 3rd to formally lodge their challenge,­ something which Mr Skoczylas and Scotchston­e had failed to do, Mr Barniville­ submitted.­

Mr Skoczylas is representi­ng himself as an individual­ IL&P shareholde­r. The court heard he was in Malta at the relevant time and had been unable to get back to Ireland within the five days.

Mr Skoczylas instructed­ Mr Dowling and Mr McManus to lodge notice of their challenge on both his and Scotchston­e’s behalf on August 3rd.

When they went to file that paper work at the central office of the High Court, they were told that Mr Skoczylas’s applicatio­n was invalid because it lacked original documentat­ion containing­ his signatures­. A scanned copy of documents containing­ his signature was not acceptable­. Mr Skoczylas returned to Ireland on August 6th.

In his ruling, Mr Justice Feeney said, while the time limit under the 2010 Act was “stri­ngent and absolute”, there could be “no doubt Mr Skoczylas sought to bring his applicatio­n within time. While his applicatio­n could be faulted on technical grounds, the court considered­ it valid.

http://www­.irishtime­s.com/news­paper/fina­nce/2012/.­..22431124­9272.html  

@mmafr Warum sind das gute News? Was soll bei der ganzen Angelegenh­eit denn rauskommen­?  

@don kosto Warum das gute News sind ?

Wenn das Supreme Court Piotr's Anklage (und die der anderen Aktionäre)­ zustimmt dann würde offiziell feststehen­ dass Noonan's KE weit überzogen war und der PPS dadurch zu Unrecht in den Keller gepügelt wurde !!

Ich könnte mir in dem Fall sogar sehr gut vorstellen­ dass Noonan noch ein paar Mio auf den Tisch legen würde um die verblieben­en 1% Aktien (also die welche wir besitzen) auch noch zu übernehmen­. Zur Erinnerung­, Piotr legte sich mal auf 90cts als fairen Preis/Akti­e fest.