Ruling has implications for Ulster Bank’s debt collection

A High Court ruling has significant implications for Ulster Bank’s efforts to recover debts in Ireland.

On the basis of her finding that Ulster Bank Ireland Ltd was not entitled to rely on sworn evidence from an employee of Ulster Bank Ltd in its claim for liberty to enter final judgment for €102,386 against Michael Dermody, Ms Justice Iseult O’Malley yesterday refused to enter judgment against Mr Dermody in that sum.

Because Ulster Bank Ltd deals with debt collection on behalf of Ulster Bank Ireland, the decision has significant consequences for the bank’s debt collections procedures. The bank’s lawyers indicated they intend to appeal to the Supreme Court.