Decision to issue Anglo promissory notes 'unconstitutional', court told

A businessman has claimed in a High Court action that the Government's decision to issue €30bn worth of promissory notes to financial institutions Anglo Irish Bank, Educational Building Society and Irish Nationwide Building Society is unlawful.

David Hall has brought a challenge aimed at have the notes declared void, and preventing the State from having to pay out, because the decision to issue them was never approved by the elected members of the Dáil.