Courts / Dublin / Report

Elderly couple still waiting on ombudsman decision 18 months after court ruling

Summary

In July 2016, Andrew Law (82) and his wife Joanna (76) reported that 18 months after winning a High Court appeal against the Financial Services Ombudsman (FSO) for mis‑selling an investment, they were still awaiting a decision on their complaint. The couple had lost €192,000 on an investment in the "Evergreen Fund" after selling a property and investing €800,000 under pressure from Bank of Ireland. The High Court had found that the FSO had erred in its reasoning but had not ruled the complaint out. The Laws now seek a High Court order directing the FSO to rehear the complaint, warning that if the delay continues they may pursue a motion for attachment and committal of the FSO. The FSO maintains that the investigation is ongoing and that the complaint has not been put to the back of the queue. The case remains pending with no oral hearing date set.

Who, what, where, when and why

What: Report matter: Elderly couple still waiting on ombudsman decision 18 months after court ruling. Procedural stage: hearing_or_decision

When:

• October 2010 Other
• 2016-07-06 Publication

Why: Lawyers for Andrew Law (82) and his wife Joanna (76) told the High Court they have not ruled out bringing a motion for attachment and committal of the FSO because of the delay. CNI source report

Places mentioned

Topics

Stage Hearing Or Decision

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Read the original CNI report