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Appellants do not have locus standi to set aside direction order for sale of Irish Life Ltd to The Minister for Finance
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Court of Appeal dismisses appeal and affirms finding that the appellants do not have the locus standi to seek to set aside a direction order made in 2012, whereby a bank was directed to sell its life assurance business and its subsidiaries to the Minster for Finance for the sum of €1.3 billion, on the grounds that to find otherwise would be to interpret the relevant legislation contrary to the law.
Court of Appeal - direction order - locus standi - appellants seeking to set aside direction order - whether appellants have locus standi to seek to set aside direction order - Credit Institutions (Stabilisation) Act 2010 - Permanent TSB plc - march direction order - Irish Life Ltd - appealing on the grounds of breach of fair procedures, breach of the right to Audi alter parted, breach of the charter of fundamental rights of the European Union - Court of Appeal affirms order of the High Court - appellants do not have locus standi to seek to set aside order - clear and unambiguous - contra legem.
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