#highcourt

@TheBadPlace@mastodon.ozioso.online · 1d ago

News Headlines | Court of Appeal schedules another PTSB hearing in July AI generated summary, Read the full article for complete information. The Court of Appeal has scheduled a further hearing for 8 July in the dispute over PTSB’s €1.6 billion takeover by Austria’s BAWAG, after a small group of shareholders—led by former investment banker Piotr Skoczylas of Scotchstone Capital, who own less than 1 % of the bank—failed to obtain a stay on an extraordinary general meeting set for 30 July. The shareholders argue that Finance Minister Simon Harris, who holds 57.5 % of PTSB on behalf of the State, should be classified differently from other shareholders, a point the High Court said will be addressed later when the takeover is reviewed by the courts. Harris supports the BAWAG offer, and the outcome of the July 8 hearing could determine whether the July 30 EGM proceeds, although PTSB notes the classification issue will be decided at a later stage. Read more: https://www.rte.ie/news/business/2026/0515/1573587-ptsb-high-court-appeal/ #PermanentTSB #BAWAG #PiotrSkoczylas #SimonHarris #HighCourt

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@TheBadPlace@mastodon.ozioso.online · 4d ago

News Headlines | High Court allows PTSB's EGM to go ahead in July AI generated summary, Read the full article for complete information. The High Court has cleared the way for an extraordinary general meeting of PTSB on July 30, allowing shareholders to vote on a €1.6 billion takeover of the bank by Austria’s BAWAG. A minority group of shareholders holding less than 1 % of the stock, led by Piotr Skoczylas of Scotchstone Capital, had asked the court to consider whether Finance Minister Simon Harris—who controls 57.5 % of PTSB on behalf of the state—should be classified differently from other investors. Justice Mark Sanfey ruled that the issue of shareholder composition can be addressed later when deciding whether to sanction the BAWAG acquisition, refused the request for a stay of the meeting, and noted his decision does not prejudice the minority shareholders, who plan to appeal to the Court of Appeal. Read more: https://www.rte.ie/news/business/2026/0513/1573151-ptsb-egm/ #HighCourt #PTSB #BAWAGgroup #SimonHarris #PiotrSkoczylas #ScotchstoneCapital #MarkSanfey #AppealCourt #business

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@TheBadPlace@mastodon.ozioso.online · May 02, 2026

News Headlines | Central Bank fiasco embroils RTÉ's new finance chief AI generated summary, Read the full article for complete information. The Central Bank’s fitness‑and‑probity vetting system – the gatekeeper that approves senior finance‑sector appointments – has been exposed as seriously flawed after two recent court rulings. A High Court judgment on 17 April condemned the Bank’s handling of a one‑year prohibition imposed on a former fund‑company CEO, finding multiple breaches of natural justice, denial of an oral hearing and a “box‑ticking” interview that caused disproportionate damage to his career and personal life. The decision‑maker, then Central Bank head of finance Annemarie Britz, later became RTÉ’s chief financial officer, sparking controversy over the appointment. This judgment follows a 2024 tribunal case that also rebuked the Bank’s procedures, prompting an independent review and reforms, yet critics argue the changes remain insufficient. Both cases occurred under Governor Gabriel Makhlouf’s tenure, who was recently re‑appointed for a second seven‑year term, leaving the credibility of Ireland’s financial‑regulation regime in question. Read more: https://www.rte.ie/news/business/2026/0502/1571353-central-bank-court/ #CentralBank #GabrielMakhlouf #IrishFinancial #HighCourt #DavidBarniville #AnnemarieBritz #MariHurley #KevinBakhurst

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@TheBadPlace@mastodon.ozioso.online · May 01, 2026

The Guardian | UK defence firm Ultra Electronics to pay £15m after SFO bribery investigation by Juliette Garside AI generated summary, Read the full article for complete information. The UK Serious Fraud Office (SFO) secured a £15 million settlement with defence firm Ultra Electronics after the company admitted failing to prevent bribery in three public‑sector contracts in Algeria and Oman, paying a £10 million penalty plus £4.8 million in investigation costs; Ultra, now owned by Advent International and previously listed on the London Stock Exchange before its acquisition by Cobham, will reform its anti‑bribery practices and submit annual compliance reports for three years, a deal seen as a crucial win for the SFO amid recent case collapses involving firms such as Serco, G4S and London Mining and a broader effort to curb corporate bribery in the defence sector. Read more: https://www.theguardian.com/law/2026/may/01/uk-defence-firm-ultra-electronics-bribery-settlement-sfo #UltraElectronics #AdventInternational #HighCourt #HouariBoumediene

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The Bad Place

@TheBadPlace@mastodon.ozioso.online · Apr 30, 2026

Irish Independent : Independent | Revenue asks for winding-up of companies with tax debts of close to €1m owned by developer Greg Kavanagh AI generated summary, Read the full article for complete information. The Revenue Commissioners have applied to the High Court to wind up several companies owned by property developer Greg Kavanagh, citing tax debts totalling nearly €1 million; one of these firms, Fofo Investments, was identified last year as a tax defaulter owing €541,000, with none of the amount paid to the tax authority. Kavanagh, however, claims that other businesses he controls are due refunds of more than €6 million. The article, written by John Mulligan for the Irish Independent’s Business section, was published yesterday at 06:30. Read more: https://www.independent.ie/business/irish/revenue-asks-for-winding-up-of-companies-with-tax-debts-of-close-to-1m-owned-by-developer-greg-kavanagh/a499488437.html #GregKavanagh #RevenueCommissioners #HighCourt #FofoInvestments #JohnMulligan

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@TheBadPlace@mastodon.ozioso.online · Apr 28, 2026

Irish Independent : Independent | Father of one has €5.8m property debt written off in return for €45,000 AI generated summary, Read the full article for complete information. Eoin McDermott, a 46‑year‑old married father of one, had roughly €5.8 million of property debt written off after agreeing to pay only €45,000 to his creditors under a High Court‑approved debt‑settlement arrangement, which also secured his €400,000 family home. Read more: https://www.independent.ie/irish-news/courts/father-of-one-has-58m-property-debt-written-off-in-return-for-45000/a1327366843.html #EoinMcDermott #HighCourt #IrishDSA #

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The Bad Place

@TheBadPlace@mastodon.ozioso.online · Apr 25, 2026

Irish Independent : Independent | Executive who secretly accessed emails must pay for €55,000 forensic investigation into his actions AI generated summary, Read the full article for complete information. A senior executive of logistics firm Store All Logistics Ltd., John Paul Kelly, was ordered by the High Court to pay €55,000 for a forensic investigation after he secretly accessed the private emails of company directors and an employee. Justice Liam Kennedy warned that the proceedings Kelly had brought against his employers would be dismissed if the payment is not made within 60 days. The case underscores the serious legal consequences of unauthorized access to confidential communications in the workplace. Read more: https://www.independent.ie/irish-news/courts/executive-who-secretly-accessed-emails-must-pay-for-55000-forensic-investigation-into-his-actions/a98041137.html #LiamKennedy #StoreAllLogistics #HighCourt #JohnPaulKelly AI generated summary, Read the full article for complete information.

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