Courts / Dublin / Report

Bid to prevent sale of AIB "abuse of process"

Summary

In a High Court decision on 26 May 2017, Mr Justice Paul Gilligan struck out Vincent O'Donoghue's application to stop the sale of the State's shares in AIB. O'Donoghue, who represented himself, had sought a declaration that the sale was contrary to the common good and unlawful, and an injunction to prevent the Minister for Finance from disposing of any part of the State's holding. The judge found the claims frivolous, vexatious and bound to fail, and warned that allowing the action would constitute an abuse of process. He noted that AIB had no direct influence over the sale, that the Minister owned 99.87 % of the bank, and that the government's policy was to return AIB to private ownership, possibly selling up to 25 % of the shareholding by an IPO before the end of 2018. The case was adjourned for four weeks for the parties to consider the judgment.

Who, what, where, when and why

What: Report matter: Bid to prevent sale of AIB "abuse of process". Procedural stage: hearing_or_decision

When:

• June 2017 Other
• 2017-05-26 Publication

Case subjects

Places mentioned

Topics

Stage Hearing Or Decision

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Read the original CNI report