Joe Simpson v Alan Torpey, Eduardo Doandes, Paul Doody and Gerry Cosgrave t/a R.I. Investment Group Posted In: Case Law
Case ReferenceHigh Court, Clarke J., 4th August 2011
Legal BodyHigh Court of Ireland (IEHC)
Type of Claim / JurisdictionTribunal Practice, Procedures and Jurisdictional Issues
Mr. Justice Clarke noted the risks that can arise when formalities are not completed:
“There is often a tension between businessmen and their advisers stemming from the pace at which each might feel that business can safely be progressed. Understandably, businessmen wish to grasp opportunities as soon as they arise. Their advisers often counsel caution and emphasise the need to have legal and accountancy details clarified in advance. There is not necessarily a right or a wrong answer to the question posed by that tension.
Often, businessmen press ahead and hope that the necessary details will
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