A couple received €10,000 in compensation last year after €800 in legal fees was added to their mortgage loan account, a new report has revealed. The couple complained to the Financial Services and Pensions Ombudsman (FSPO) and their settlement was included as a case study in its overview
Financial Regulatory
Dillon Eustace remains the leading legal adviser to Irish-domiciled funds, according to a new report. The firm advises more Irish funds than any other law firm and has continued to do so for over two decades, independent fund research company Monterey Insight said.
Financial regulators in Ireland and the US want institutions to speak up about culture change, a conference hosted by Eversheds Sutherland has heard. The law firm sponsored the well-attended "Regulating Banking Culture" conference at UCD Sutherland School of Law, which comprised a series of roundtab
A man who appealed against the High Court’s decision to grant summary judgment of €221,000 to Bank of Ireland Mortgage Bank has successfully argued that the bank provided insufficient details to be entitled to its claim. Chief Justice Frank Clarke said the obligation that “a defenda
Lenders must not add legal costs to mortgage accounts during repossession proceedings, the Central Bank of Ireland has warned. In a letter to lenders, the Central Bank said the application of legal costs "prior to the conclusion of repossession proceedings and prior to the decision by a court to awa
Three law students at Maynooth University have been awarded prizes for their contributions on the specialised funds law course delivered by Matheson as part of the LLM in international business law.
Ronan Daly Jermyn partner Darryl Broderick and solicitor Hilda Mannix examine two recent judgments clarifying the circumstances in which a loan purchase price would be disclosed to borrower litigants. In recent years, the sale of non-performing loan portfolios by banks and other credit institutions
Global legal business DWF has announced the appointment of Ruairí Mac Cumhaill as a banking and finance partner in Dublin. Mr Mac Cumhaill has more than 11 years' experience working with domestic and international financial institutions, alternative lenders and borrowers operating in Ireland,
The Central Bank of Ireland has launched an investigation into the legality of commercial banks adding legal fees to the mortgages of customers in arrears, even before court cases have concluded. More than 60,000 mortgage holders have been hit with legal fees running to tens of thousands of euro, th
A firm has been fined €280,000 in the first enforcement action taken against a stockbroker for breaches of the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010. Stockbroker Campbell O'Connor & Company has admitted five breaches between July 2010 and November 2016 relatin
The Irish Bank Resolution Corporation (IBRC) has had its application for the trial of a preliminary issue of law refused in the High Court. IBRC contended that a woman's claim for damages in relation to alleged negligent investment advice was statute-barred. However, Mr Justice Senan Allen said the
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