Legal bid to halt €30bn payment to Anglo

A businessman has gone to court in a bid to stop the State paying out €30bn worth of promissory notes to Anglo Irish Bank and two other financial institutions.

David Hall, a key member of the New Beginning group, has brought the legal challenge to declare the promissory notes void. The group is not involved in the challenge.

Mr Hall, of College Grove, Castleknock, Dublin 15, has claimed in the High Court action that the Government’s decision to issue €30bn worth of promissory notes to financial institutions Anglo Irish Bank, EBS, and Irish Nationwide Building Society is unlawful.