Supreme Court gives significant ruling against fund over Sligo land claim

A financial fund cannot rely on a man's deposit of land certificates with a bank to give it a lien or claim over his registered lands in Co Sligo, a five judge Supreme Court has ruled.

In a significant unanimous decision today the court ruled Promonotoria (Oyster) Designated Activity Company does not retain the benefit of a lien by deposit because of changes to the law effected by the Registration of Deeds and Title Act 2006.