Courts / Ireland / Report
"No substantive evidence" of alleged failure of IBRC corporate governance established by RTE, High Court rules
2015-06-03
Hearing Or Decision
Summary
In a High Court hearing, Mr Justice Donald Binchy granted injunctions preventing RTÉ from broadcasting details of Denis O'Brien's personal banking arrangements with IBRC, citing a lack of substantive evidence of a failure of corporate governance at the bank. The judge noted that while RTÉ had raised concerns about potentially improperly processed loan extension requests and alleged verbal agreements between O'Brien and IBRC CEO Mike Aynesley, no evidence was presented to substantiate a governance failure. O'Brien and IBRC were found to have a convincing case for success at a full hearing, and damages were deemed inadequate to compensate O'Brien for potential incalculable losses if details were disclosed. The injunctions, issued after a three‑day hearing, remain in force pending the full hearing, and the case will return to court on Friday.
Who, what, where, when and why
What: Report matter: "No substantive evidence" of alleged failure of IBRC corporate governance established by RTE, High Court rules. Procedural stage: hearing_or_decision
When:
- May 28th Hearing Or Sentence
- 2015-06-03 Publication
Topics
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