Private Prosecutions - An Often Overlooked Method of Corporate Enforcement in England and Wales

August 01, 2013

In Ireland, a hotelier has initiated a private prosecution against a current and a former employee of an Irish bank. The hotelier was a director and shareholder of two companies which apparently owed a significant amount to the bank. The hotelier allegedly attended a meeting with the bank where he was informed that it was agreeable to cooperating with the hotelier regarding the realisation of assets. The hotelier alleges that the then employees of the bank had already decided to appoint a receiver over the two companies. A receiver was appointed and the hotelier later initiated a private prosecution for dishonesty offences. The relevant individuals had sought a judicial review of the proceedings and the judge confirmed that the hotelier could launch a private prosecution.

Read "Private Prosecutions - An Often Overlooked Method of Corporate Enforcement in England and Wales".