Fund’s shareholder to appeal ruling in IL&P case

A man who bought €200,000 of shares in Irish Life & Permanent is to appeal a High Court ruling that he is not legally entitled to represent the company in proceedings challenging the Government’s recapitalisation of IL&P.

Piotr Skoczylas, the controlling shareholder of Maltese-registered Scotchstone Capital Funds Ltd, said he intends to appeal Mr Justice Kevin Feeney’s ruling that he cannot represent Scotchstone in the Supreme Court as such an appeal was in the public interest.

Mr Justice Feeney had said he was bound by a 1968 Supreme Court decision (the Battle case) that found a limited company could not be represented in court proceedings by an officer of that company.