The High Court has dismissed Ulster Bank Ireland DAC’s application to have Eoin Fannon’s claims against it dismissed as bound to fail and ordered the bank to pay his reasonable costs of the application.
The ruling, delivered by Mr Justice Keane on 19 May 2021, deals with the final orders and costs following the court’s 28 April 2021 judgment refusing the bank’s application. It says the earlier judgment should be read alongside the ruling and identifies it as [2021] IEHC 301.
Ulster Bank’s solicitors wrote to the court on 12 May, saying the bank did not oppose an order for Mr Fannon’s reasonable costs. The bank proposed that those costs be adjudicated if the parties could not agree, with execution of the costs order stayed in the event of an appeal until the Court of Appeal’s first directions hearing. The judge said no countervailing submission had been received and that the proposed order met the justice of the situation.
The final orders dismiss the application and direct Ulster Bank to pay Mr Fannon’s reasonable costs, including reserved costs and the costs of submissions. If the parties do not agree the amount, it is to be adjudicated. If there is an appeal, execution of the costs order is stayed up to the date of the first directions hearing in the Court of Appeal.
The ruling concerns the application against Ulster Bank. It does not set out the merits or final outcome of Mr Fannon’s underlying claims.