Ireland's Commercial Court: where dark corners of economy dominated the dock

The court, now entering its second decade under Mr Justice Brian McGovern, has shone a light into some dark recesses of Ireland’s financial and business world, exposing greed and human misery on a grand scale alongside some shoddy and dubious, accounting, auditing, banking, business, legal, regulatory and stockbroking practices.

It has heard of property and other deals involving misappropriation, forged signatures, deceit, lies and secret profits; suspect property and money transfers aimed at avoiding repayment; exorbitant expenses for senior bankers; and slipshod and questionable loans, investments and valuations.

It has also shown existing laws provide limited opportunity to penalise some of these practices and revealed gaps in legislation on corporate crime, including the absence of an offence of reckless lending.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Anthropology, Credit Markets, Currency Markets, Economy, England / UK, Ethics / Moral Theology, Ireland, Law & Legal Issues, Personal Finance, Religion & Culture, Stock Market, The Banking System/Sector, Theology