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| Rankings at a glance | |
|---|---|
| Award level | Highly Commended |
| Innovation | Series of capital-generating measures for Allied Irish Bank |
| Originality | 6 |
| Rationale | 7 |
| Impact | 6 |
| Total | 19 |
| Description | With US counsel, lawyers developed the first Irish exchangeable offer to overcome barriers to the sale of M&T Bank Corporation in the US. They also advised on the first use of the Credit Institutions (Stabilisation) Act to inject capital into an Irish bank. |
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