independent

Friday 18 April 2014

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

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.

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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