High Court, in dispute concerning the purchase of bonds, orders discovery of documents relevant to the proceedings.
Discovery - plaintiffs sought discovery of 47 categories of documents with sub-categories - defendants sought from the plaintiffs eight categories of documents including sub-categories - parties had reached agreement as to many of the categories sought – three left in dispute – advised on price of shares – advised share price below market available – agreed to sell at advised price – purchaser not disclosed – purchasers were members of consortium – proceedings and settlement - Statement of the Central Bank – defendant’s fined – proceedings – categories of discovery agreed - Disputed categories – principles governing discovery – relevance – confidentiality - scope of this category – neither scope or breadth of this category would be unduly burdensome for the defendants - decline to limit the discovery which relates to communications with the Central Bank to documents which touch only on the identity disclosure issue - documents relating to resale of the bonds - concerning the State -discovery sought by the defendants.