Legal News ()

When agreeing to provide loan facilities to prospective borrowers, lenders insert conditions precedent in facility documentation to be satisfied by the borrower before funds are drawn down

Alleged breaches of regulatory codes by financial institutions have featured in a number of default and repossession cases. Jeremy Erwin reviews the implications of recent judgments for lenders and borrowers.

The Supreme Court has upheld a judgment of the High Court quashing a decision by the Medical Council of Ireland to find a Consultant Paediatric Surgeon, Professor Martin Corbally, guilty of poor professional performance (PPP).

The judgment of Mr Justice Nicholas Kearns in this case represents a significant decision of the High Court regarding costs, and more particularly, the issue of appropriate legal fees. Hayes successfully represented the Defendant in this case.

Michael Hanley has joined Hayes solicitors as a Partner and Head of Banking & Financial Services. Michael is a banking specialist with extensive transactional experience.

Employers need to be wary when imposing conditions on an employee’s entitlement to a bonus. While it is common for bonus schemes to be conditional upon various factors such as performance, attendance or disciplinary record, employers could find themselves in breach of equality legislation if these conditions could amount to discrimination.