The Director of Corporate Enforcement has withdrawn his appeal against the High Court’s refusal to make a disqualification order against a former senior manager with National Irish Bank.

The High Court has disqualified former National Irish Bank CEO Jim Lacey from involvement in the management of any company for a period of nine years.

THE High Court has ruled that the conduct by former National Irish Bank chief executive Jim Lacey of various aspects of the bank’s affairs was “grossly negligent” and he should be disqualified from involvement in the management of any company on grounds of unfitness. The period of disqualification will be decided later.