A man whose company bought some €200,000 of shares in Irish Life & Permanent in 2010 is to appeal a High Court Judge's ruling that he is not legally entitled to represent the company in proceedings challenging the Government's recapitalisation of the bank.

A High Court judge has begun a hearing to decide key preliminary issues in actions by a number of shareholders in Irish Life and Permanent and others to the Government’s recapitalisation of the bank.

A SHAREHOLDER who is challenging the Government’s recapitalisation of Irish Life and Permanent has told the High Court the legal challenge is one of the most important cases in the history of the state.

A shareholder in Irish Life and Permanent who is challenging the Government's recapitalisation of the bank has told the High Court the legal challenge is one of the most important cases in the history of the State.

Another shareholder at Irish Life and Permanent has today come forward to challenge the Government's move to recapitalise the business.

Two Irish Life & Permanent shareholders have commenced legal challenges against the Government’s move to recapitalise IL&P.