is a special part of the commercial litigation
pillars available under the Irish legislation
. Financial litigation
refers to litigious cases
that appear in the financial field
, which is represented by financial transactions
, commercial and investment banks
, investment companies, insurance companies, broker agencies and any other type of company that carries out operations in this field. Our team of Irish solicitors
can provide legal advice for natural persons or legal entities involved a litigation case
against a banking institution
Alternative dispute resolution methods in Ireland
Foreign or local businessmen who are involved in a case of litigation with a financial institution should know that they can appeal, starting with 2010, to arbitration. The parties are allowed to resolve the case outside the court, but it is recommended to appeal to this measure when both of the parties are interested in settling the case in an equitable manner.
From 2011, Ireland
also imposed mediation
as a legal procedure though which various commercial disputes
can be solved, under the Mediation Regulations
, provided by the European law. Mediation
refers to an amicable procedure
, assuming that the parties involved want to settle the legal conflict. Information offered by the parties throughout this procedure is confidential and can’t be disclosed in the situation in which the case will be brought in front of the court; our team of Irish lawyers
can provide more details on these matters.
Court litigation in Ireland
In the situation in which the above mentioned procedures do not establish an agreement between the parties, the case should be brought in front of a local court. Banking litigation cases in Ireland
are usually dealt with at the Commercial Court
, which is a sub-division of the Irish High Court
. The Commercial Court
can hear cases in which the claims have a value of at least EUR 1,000,000, as well as cases prescribed by the Arbitration Act
(cases with a value above EUR 1,000,000). Our solicitors
can provide assistance in case related to the breach of commercial contracts
, claims arising from insolvency companies or claims related to investment funds.
Persons who need further information on the banking litigation
procedures applicable in Ireland
can contact our Irish law firm
for legal assistance or legal representation.