Interesting to note that law firm Arthur Cox appears to have cut its ties with the Mallabraca private equity group that has looked at investing in the major Irish listed banks in recent times.
Arthur Cox also acts for Bank of Ireland, one of the banks whose deposits have been guaranteed by the State and which received €3.5 million in capital from the Government. This led to questions of a potential conflict of interest for Arthur Cox, which were rejected by the firm.
Arthur Cox resigned on April 9th as secretary to Mallabraca, according to recent company filings. It was replaced by Wilton Secretarial Ltd, an offshoot of William Fry solicitors.
UK independent TV production and group DCD Media has set up a wholly-owned Irish production company in Dublin called West Park West. DCD, which is listed on the Aim stock market in London, says it has already won three commissions from RTÉ that are worth €1million plus. These include a documentary about the Lions’ tour of South Africa in 1974.
It seems that news of RTÉ’s planned €68 million in cutbacks for this year hasn’t reached London.
DCD said it “is seeking to take advantage of lucrative production opportunities as well as the fertile television funding environment that Ireland has to offer”.
