Legal costs for banking inquiry witnesses capped at €10,000

Witnesses scheduled to appear at the upcoming inquiry into the banking crisis will have their legal costs capped at €10,000.

According to new guidelines, banking inquiry witnesses will only be able to claim back the cost of hiring a barrister or solicitor if their good name could be questioned during a hearing.

The daily rate for lawyers who advise their clients during public hearings will be €850. A ...