Courts / Ireland / Report

Application for approval of first "third party funding" deal to come directly before Irish courts adjourned

Summary

In July 2015 the High Court was asked to approve a third‑party funding arrangement for Persona Digital Telephony and Sigma Wireless Networks, who are suing the State over the 1996 mobile licence process. The funding would come from Harbour Litigation Funding, a British company, and would pay the plaintiffs a share of any proceeds. The State and Denis O'Brien's representatives successfully applied for an adjournment, and the hearing was moved to 11 November. Justice Aileen Donnelly noted that the issue of third‑party funding had not previously been before Irish courts. She cited concerns that the funding agreement provided to the defendants referred to other documents and contained redactions that could affect the case. The adjournment was granted to allow the parties to review additional documentation and to address questions about the agreement's terms, including the absence of an after‑event insurance policy and the nature of the security agreement.

Who, what, where, when and why

What: Report matter: Application for approval of first "third party funding" deal to come directly before Irish courts adjourned. Procedural stage: hearing_or_decision

When:

• November 11 Adjournment
• July 21 Other
• October 7 Other
• 2015-07-03 Publication

Why: "We wish to challenge that," Mr O'Callaghan said as well as the claim the plaintiffs became impecunious "because of my client's actions". CNI source report

Places mentioned

Topics

Stage Hearing Or Decision

Read the original CNI report