Government accused of 'unprecedented abuse of power'

A shareholder in Irish Life and Permanent who is challenging the Government's recapitalisation of the bank has told the High Court the legal challenge is one of the most important cases in the history of the State.

Piotr Skoczylas and his company of which he is managing director, Scotchstone Capital, are among a number of shareholders who are challenging the recapitalisation through the courts.