Promissory note challenge rejected


A businessman has lost his High Court challenge to the State's decision to pay promissory notes under which €31 billion, so far, has been paid in aid of Irish financial institutions.

The court rejected the case on grounds any such challenge should be taken by a member of the Dáil.

The President of the High Court today ruled David Hall does not have the necessary legal standing to bring the challenge which, the judge said, should have be "more properly brought" by a member of the Dáil.

Such a challenge may yet be brought by a member of the Dáil and nothing in his judgment should be construed as indicating what view the court might take of the merits of the case if that occurred, Mr Justice Nicholas Kearns said.

Independent TDs Shane Ross and Stephen Donnelly and People Before Profit TD Joan Collins, who had supported Mr Hall's challenge to the legality of the notes, were in court today when judgment was delivered. Asked would any of them bring a challenge to the notes, their solicitor Tony Williams said they would first consider the judgment.