Comments by a Supreme Court judge on a matter of law could have implications for many hundreds of distressed mortgages loaned by the former Bank of Scotland(Ireland).
At the end of 2010 a cross-border merger took place between Bank of Scotland Ireland (BOSI) and Bank of Scotland. As a result, BOSI ceased to exist. Since then, some of the mortgage business of the former BOSI has been sold on to other international finance companies, while the rest of the loans remain on the books of Bank of Scotland.
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