Man fails in bid for €190,000 compensation over loan involving 'most unusual conveyancing transaction' with solicitor

A man who claims his former solicitor misappropriated a €190,000 mortgage loan in what a judge described as a "most unusual conveyancing transaction" has lost his challenge to the Law Society's refusal to pay him compensation in that entire sum.

Mr Justice Garrett Simons stressed, "crucially", the Society has "not closed the door" on Patrick O'Donovan Junior, as it had said he can reapply for compensation on the basis of fresh evidence, including if Allied Irish Banks ultimately pursues him for the full €190,000 or agrees to repayment of a lesser sum.