Credit Institutions (Stabilisation) Bill will not be referred to Supreme Court

Despite the reported concerns Mick noted here, RTÉ are reporting that Irish President Mary McAleese has signed the Credit Institutions (Stabilisation) Bill into law after a three-hour meeting of the Council of State. From the RTÉ report The Council of State has 22 members, including the Taoiseach, the Tánaiste, two senior judges, the Ceann Comhairle of the Dáil, the Cathaoirleach of the Seanad, and the Attorney General. Former President Mary Robinson, five former Taoisigh and two former Chief Justices are also members, as are …

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McAleese and ECB worried about legality of hastily assembled Bank Bill

It seems the Credit Institutions (Stabilisation) Bill is in trouble. Not only does the President think it could be constitutionally questionable, the ECB is expressing the same concern. The key clause is in section 53 of the bill: The provisions of this Act, and any order made under this Act, have effect notwithstanding anything in— (a) the Companies Acts, the Building Societies Act 1989, the Credit Union Act 1997 or any other enactment, (b) any other rule of law or …

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