« back Disqualification Cases 2014
 

Supreme Court Appeal struck out - ODCE vs. Mr. Frank Brennan

23 March 2015


Background:
On 20.06.2008 the High Court disqualified Mr. Frank Brennan for six years in consequence of the findings made by High Court Inspectors in their report into National Irish Bank Limited (NIB) and National Irish Bank Financial Services Limited (NIBFS).

The approved written judgment of Mr. Justice Roderick Murphy is available at the original report, as is a report of the decision following further submissions in the case.

Supreme Court Appeal:
On 14.3.2014 the Appeal to the Supreme Court was finalised.  By Consent, the Supreme Court – Mr. Justice O’Donnell, Miss Justice Laffoy and Ms. Justice Dunne - vacated the Order of the High Court made by Mr. Justice Murphy on the 20.06.2008 and in lieu thereof the Court made a Declaration of Restriction for 5 years against the Respondent pursuant to Section 150 (1) of the Companies Act 1990 to take effect from the 14.3.2014.

The Appeal, together with the Director’s Cross-Appeal, were Struck Out with no Order as to Costs.

All previous Orders for Costs in the High Court were vacated.