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Saturday 23 August 2014

State must pay legal costs for TD's challenge to promissory notes

Published 28/02/2014 | 02:30

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Joan Collins Picture: Tom Burke
Joan Collins Picture: Tom Burke

THE State must pay the bulk of legal costs for Joan Collins TD's challenge to promissory notes, despite her losing the case.

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The United Left TD expressed relief at being awarded the bulk of her legal costs – but admitted that she has "no idea" how she will pay the remainder.

The bill for her High Court challenge to the issuing of €31bn promissory notes by the Minister for Finance in favour of Anglo Irish Bank and the Educational building Society was believed to be more than €350,000.

But the State has been ordered to pay 75pc of the legal costs, while Ms Collins still faces a bill of €87,500.

"I am very, very, very relieved," she said last night following the three-judge divisional High Court ruling.

Irish Independent

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