Supreme Court to hear TD’s promissory note appeal

A seven-judge Supreme Court is to hear the appeal by independent TD Joan Collins against the rejection of her challenge to the minister for finance’s decision issuing €31bn promissory notes in favour of Anglo Irish Bank and Educational Building Society.

The appeal, against the dismissal by a three-judge High Court in November 2013 of the TD’s challenge, is due to open today.

The High Court, comprising Mr Justice Peter Kelly, Ms Justice Mary Finlay Geoghegan and Mr Justice Gerard Hogan, had ruled the promissory notes were validly issued under a law which was constitutional.