Limitation and Irish Financial Services Claims

October 2012
Stephen Chessher and Garrett Cormican

In February we reported on the Commercial Court judgment in Gallagher v ACC Bank, a mis-selling claim which raised important limitation issues for financial services claims. In a decision which brings (a little) more certainty to Irish limitation law and will be widely welcomed by financial institutions, financial advisors and their insurers, the Supreme Court has now reversed the Commercial Court judgment.

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