On 15 January 2009 the Government of Ireland announced that it would take Anglo Irish Bank into public ownership. On 21 January 2009, the Anglo Irish Bank Corporation Act (the “Act”) was enacted. This provided for the nationalisation of Anglo Irish Bank and for the appointment of an Assessor to determine the fair and reasonable value of the shares transferred and the rights extinguished as a result of the nationalisation.
On 16 November 2018 David Tynan was formally appointed as the Assessor under the Act. The Anglo Irish Bank Corporation (Section 36) Regulations 2019 (the “Regulations”) which relate to the Assessor’s role were enacted on 7th February 2019.
This website provides information about the determination process including a letter sent to former shareholders, frequently asked questions, a notice that appeared in the press on 28th February 2019 and links to, amongst others, the Act and Regulations, and the Assessor’s contact details.
The website will be updated at intervals during the determination process.