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Mr. Jim Lacey, former Chief Executive and non-executive director of National Irish Bank, should be disqualified for nine years.

07 June 2011

On the 7th  of June 2011 the High Court determined that Mr. Jim Lacey should be disqualified pursuant to Section 160(2)(b)(d) and (e) of the Companies Act 1990 for a period of nine years. The High Court made a further Order directing Mr. Lacey to pay the Director’s legal costs of the proceedings. A stay was put on the Order for costs as Mr. Lacey indicated he intended to appeal to the Supreme Court against the High Court disqualification order. However, no stay was sought or granted on the disqualification order and the disqualification therefore takes immediate effect.

A copy of the approved Judgment of Murphy J of the High Court delivered on the 8th April 2011, when the primary judgment against Mr. Lacey was made, can be accessed below.

On the 17th December 2015, the Supreme Court made an Order on consent, that the Order of the High Court (Mr. Justice Murphy) made on the 7th June 2011 disqualifying Mr. Lacey for a period of nine years pursuant to section 160(2) (b) (d) and (e) be vacated and in lieu thereof the Court made an Order disqualifying Mr. Lacey for a period of four years and six months commencing on the 7th June 2011.

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