Up to 100 receiverships in doubt

Up to 100 receiverships initiated by Bank of Scotland Ireland could be struck down by the courts following a High Court ruling.

The judgment in The Belohn Ltd versus Bank of Scotland Plc hinged on the bank’s failure to comply with its own internal practices that it inherited when it bought ICC Bank.

The case saw Sean Foley and wife Sherry Yan overturn Bank of Scotland’s application to place their pub, Foley’s on Merrion St, Dublin, into receivership.