Supreme Court to rule on promissory notes appeal

The Supreme Court will today hand down judgment in the case of Independent TD Joan Collins’ appeal against the rejection of her challenge to the finance minister’s issuing of €31bn promissory notes in 2009 for Anglo Irish Bank and other financial institutions.

The constitutionality of what the High Court described as the “far-reaching” legislation under which the notes were issued is a core issue in the appeal.

The death of Mr Justice Adrian Hardiman earlier this year meant the appeal, which opened before a seven-judge court, finished last April before a six-judge court with judgment reserved.