The European Court of Justice will deliver its opinion this week on a challenge by shareholders of Permanent TSB against the constitutionality of legislation used by the Government to recapitalise the bank during the economic crisis.

Shareholders in the former Irish Life & Permanent (IL&P) who are suing the Government for loss of earnings after the 2011 bailout, can expect an EU judge to make a preliminary ruling on the case in four months.

Shareholders of Irish Life & Permanent have brought a legal challenge aimed at setting aside the High Court’s approval for Finance Minister Michael Noonan to purchase the group’s life assurance business, the Irish Life Group, for €1.3bn.

Shareholders of Irish Life and Permanent have brought a legal challenge aimed at blocking the Minister for Finance from purchasing the group's life assurance business, the Irish Life Group, for €1.3bn.