Bank seeks to halt action

An application by the Central Bank to halt legal actions brought by businessman Jerry Beades against it, the European Central Bank, several European financial institutions and others, will be heard later this year.

The Central Bank of Ireland and its governor Philip Lane, want the proceedings struck out as disclosing no reasonable cause of action and/or as frivolous and vexatious.

Various other defendants, including the head of the ECB and governors of various central banks in the eurozone, say they cannot be sued in the Irish courts, the Commercial Court heard.