Irish developer Treasury Holdings will today seek to block the National Asset Management Agency from appointing joint receivers to various assets owned by the company here. The assets  do not include Conference Centre Dublin or the Ritz Carlton Hotel.

Companies associated with Treasury will ask the High Court today to issue an injunction to prevent Nama from appointing receivers to a range of properties it owns in Ireland. It will also seek leave for a judicial review to challenge Nama’s right to take such action.

Nama yesterday moved to enforce repayment of Treasury’s loans to the agency. It informed the company that it intended to appoint joint receivers to assets in Ireland, including the PricewaterhouseCoopers head office in Spencer Dock, the Alto Vetro building on Barrow Street, and the Central Park office complex near Leopardstown, where Vodafone and Tullow Oil have bases.

Nama stopped short of appointing the receivers pending today’s legal action. It is understood that Ernst & Young and PwC have been lined up by Nama to act as joint receivers if the court gives the State agency the green light to proceed.

Treasury had been subject to a two-week standstill agreement with Nama on its loans, which expired at 4pm yesterday.