TDs seek to join case against notes

Four TDs — Clare Daly, Luke Flanagan, Mick Wallace, and Joan Collins — want to be joined to businessman David Hall’s legal challenge to the Government’s payment of promissory notes issued in favour of the former Anglo Irish Bank and other financial institutions.

Ms Collins said the case raises important issues concerning powers the finance minister has under the Credit Institutions (Financial Support) Act 2008 — to make financial transactions.

The State argued that any such challenge may be pointless given the Government’s move to liquidate the IBRC, formerly Anglo.