Banks take law firms to court over ill-fated property deals

Irish banks and financial institutions have taken cases against dozens of solicitors' practices in recent weeks.

Ian Kehoe - avatar

Ian Kehoe

18th August, 2012

Irish banks and financial institutions are shifting their focus to law firms and advisers, having mounted a string of High Court cases over negligence and poor paperwork on boom-time property deals.

Court cases have been taken against dozens of solicitors' practices in recent weeks, as the banks pursue lawyers who carried out the due diligence and security work on ill-fated property deals.

Ulster Bank has issued proceedings against ten Irish law firms, while AIB has...

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