Set Back For Director Of Corporate Enforcement In NIB Disqualification Case

In the latest of a series of judgments relating to actions taken by the Director of Corporate Enforcement (the Director) against former National Irish Bank (NIB) directors, in December 2011, the Supreme Court overturned a High Court decision to impose a nine-year disqualification order on Mr Barry Seymour, Executive Director of NIB from April 1994 to July 19962. The Director had sought disqualification of nine former senior officers / directors of NIB under Section 160 of the Companies Act 1990 following allegations of improper practices...

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