Julie Sadlier, solicitor at Kieran Mulcahy Solicitors in Limerick, writes on a recent ruling with potential significance for mortgage cases. Earlier this month, a decision from a High Court case was posted on the website of the Courts Service of Ireland. It didn’t warrant any huge public or me
A bill which would stop banks from selling loans to investment funds without borrowers' permission has won backing from legal rights group FLAC. Chief executive Eilis Barry and senior policy analyst Paul Joyce gave evidence on Sinn Féin's No Consent, No Sale Bill 2019 to the joint Oireachtas
A bank has been ordered by the Workplace Relations Commission (WRC) to pay €4,000 in compensation to a Syrian refugee who was denied a bank account. The man was supported by the Irish Human Rights and Equality Commission in taking a case against the bank for breach of the Equal Status Acts 2000
Dillon Eustace recently advised the London branch of Deutsche Bank AG on the securitisation of the Seniors Money mortgage book. The bank financed the securitisation of mortgage loan receivables originated by Seniors Money Mortgages (Ireland) DAC and Seniors Money (Spain) Finance DAC, both members of
ByrneWallace's banking and finance team has been shortlisted for a prestigious European award in connection with its work on a securitisation arrangement entered into by Permanent TSB plc (PTSB) for a portfolio of loans. The team's work on Project Glenbeigh has been shortlisted in the Structured Fin
High Court: Defences relied on by builder challenging application for specific performance of contract for sale rejected
A builder who challenged an application for specific performance of the sale of his home pursuant to a contract he signed in 2014, has had all defences relied on rejected in the High Court. Describing the man as "a poor and self-serving historian with little consideration for the effects on others a
Arthur Cox has announced the appointment of Orla O'Connor as its next chairperson, marking the first time that a woman has held the law firm's top post.
The Central Bank of Ireland has announced it will review the practice of lenders adding legal fees to the mortgage arrears accounts of homeowners involved in repossession cases. Doubts have been raised over whether the practice is compliant with the Bank's Code of Conduct on Mortgage Arrears (CCMA)
LK Shields has announced the return of Adrian Mulryan as the firm's new head of financial services.
The former chief executive of Irish Life & Permanent, who was found guilty of conspiracy to defraud, has lost an appeal against his conviction. Explaining the parameters of the defence of “officially induced error”, Mr Justice Peter Charleton found nothing in the evidence to sup
High Court: Financial services company alleging pressure to mis-sell financial products granted injunction against EBS
A financial services company alleging that a Termination Notice of its Tied Agency Agreements with EBS was as a result of its refusal to succumb to “pressure” from EBS to “mis-sell financial products”, has been granted an injunction in the High Court. Finding that there was a
Naomi Gaston, senior associate at Mills Selig, writes on the importance of security at major cryptocurrency exchanges. It has been reported that users of Canada’s largest Cryptocurrency Exchange, QuadrigaCX are unable to access most of their funds amounting to around C$180m (£105m) as th
Maples and Calder's investment management group has successfully obtained authorisation for an Abu Dhabi-based investment manager to act for Irish-authorised Collective Investment Schemes for the first time. AD Global Investors Limited (AGDI) are the first Abu Dhabi-based investment manager, with Ab
Three businessmen who were granted a €9.4 million loan from EBS Building Society in 2009 have successfully argued that they are entitled to defend Promontoria’s claim for the €9.7 million now owed. Refusing to grant summary judgment to Promontoria, Mr Justice David Barniville wa