Financial Regulatory

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

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

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)