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  1. #487471

    (2) Ní dhéanfaidh aon chreidiúnaí tánaisteach de chuid forais iomchuí a mbeidh ordú um dhliteanais thánaisteacha déanta i ndáil leis aon cheart fritháirimh a fheidhmiú nó a éileamh i leith aon mhéid (ar méid é a eascraíonn faoi na dliteanais thánaisteacha iomchuí, nó i dtaca leo) a bheidh dlite den fhoras iomchuí don chreidiúnaí tánaisteach.

    (2) No subordinated creditor of a relevant institution in relation to which a subordinated liabilities order has been made may exercise or claim any right of set-off in respect of any amount (being an amount arising under or in connection with the relevant subordinated liabilities) owed to the subordinated creditor by the relevant institution.

    CREDIT INSTITUTIONS (STABILISATION) ACT 2010

  2. #487213

    ciallaíonn “creidiúnaí tánaisteach” creidiúnaí de chuid forais iomchuí, go feadh aon mhéid a shealbhaíonn an creidiúnaí dliteanas tánaisteach;

    “subordinated creditor” means a creditor of a relevant institution, to any extent that the creditor holds a subordinated liability;

    CREDIT INSTITUTIONS (STABILISATION) ACT 2010

  3. #487463

    31.—(1) Féadfaidh an foras iomchuí a mbeidh ordú um dhliteanais thánaisteacha déanta i ndáil leis, nó féadfaidh creidiúnaí tánaisteach de chuid an fhorais sin, iarratas a dhéanamh chun na Cúirte trí fhoriarratas iar bhfógra arna fhorasú ar mhionnscríbhinn, tráth nach déanaí ná 5 lá oibre tar éis ordú um dhliteanais thánaisteacha a dhéanamh, chun an t-ordú um dhliteanais thánaisteacha a chur ar ceal.

    31.—(1) The relevant institution in relation to which a subordinated liabilities order is made or a subordinated creditor of that institution may apply to the Court by motion on notice grounded on affidavit, not later than 5 working days after the making of a subordinated liabilities order, for the setting aside of the subordinated liabilities order.

    CREDIT INSTITUTIONS (STABILISATION) ACT 2010

  4. #487470

    32.—(1) Ní dhéanfaidh creidiúnaí tánaisteach de chuid forais iomchuí a mbeidh ordú um dhliteanais thánaisteacha déanta i ndáil leis aon imeachtaí a thionscnamh ná aon achainí foirceanta a thabhairt i ndáil leis an bhforas iomchuí bunaithe ar mhainneachtain ag an bhforas sin téarmaí dliteanais thánaistigh a urramú, más rud é go ndearnadh na téarmaí sin a mhodhnú leis an ordú um dhliteanais thánaisteacha agus go mbeidh na téarmaí arna modhnú amhlaidh á gcomhlíonadh ag an bhforas sin.

    32.—(1) No proceedings may be instituted and no petition to wind up may be brought by a subordinated creditor of a relevant institution in relation to which a subordinated liabilities order has been made in relation to the relevant institution based upon a failure by that institution to honour the terms of a subordinated liability if those terms have been modified by the subordinated liabilities order and that institution is in compliance with the terms as so modified.

    CREDIT INSTITUTIONS (STABILISATION) ACT 2010