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International Corporate Rescue

Journal Issues

  • Vol 1 (2004)
  • Vol 2 (2005)
  • Vol 3 (2006)
  • Vol 4 (2007)
  • Vol 5 (2008)
  • Vol 6 (2009)
  • Vol 7 (2010)
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  • Vol 11 (2014)
  • Vol 12 (2015)
  • Vol 13 (2016)
  • Vol 14 (2017)
  •         Issue 1
  •         Issue 2
  •         Issue 3
  •         Issue 4
  •         Issue 5
  •         Issue 6
  • Vol 15 (2018)
  • Vol 16 (2019)
  • Vol 17 (2020)
  • Vol 18 (2021)
  • Vol 19 (2022)
  • Vol 20 (2023)
  • Vol 21 (2024)
  • Vol 22 (2025)

Vol 14 (2017) - Issue 5

Article preview

What Price for Justice? Litigation Funding in Ireland

Maurice Phelan, Partner, and John O'Leary, Senior Associate, Mason Hayes & Curran, Dublin, Ireland

Introduction
Third party funding of litigation is common place and legitimate in many common law jurisdictions. But this is not the position in Ireland. The Irish Supreme Court considered the issue most recently in Persona Digital Telephony Ltd v. The Minister for Public Enterprise. The Court confirmed that professional third party funding was unlawful in Ireland as offending against the rules of maintenance and champerty. The case was the first decision by the Irish courts directly concerning the validity of professional third party funding. Irish legislation in this area is antiquated, with the most recent of the three relevant statutes enacted almost four hundred years ago. The earliest of the three cannot even be accurately dated.

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International Corporate Rescue

"International Corporate Rescue is a must-have of the most current substantive law developments in restructuring and insolvency law. Covering legislative overviews and novelties, case reviews and analyses of cross-border controversies, it is a concise, accessible and insightful collection of leading articles from respected lawyers and academics from all over the world."

Prof. Em. Bob Wessels, University of Leiden, Leiden

 

 

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