Decision due next month in IL&P court case

A High Court judge hopes to be in a position to give judgment on the Minister for Finance's bid to halt a number of legal challenges to the Government's recapitalisation of Irish Life and Permanent early next month.

Today at the High Court, Mr Justice Kevin Feeney reserved his judgment in the a motion by the Minister to set aside the claims by investment fund Horizon Growth NV and businessman Mr Piotr Skoczylas because they lack the required legal standing to bring the proceedings as neither was a member of IL&P when the recapitalisation order was made.