Compensation money for infant injury claims – lodging money into court – a legal news update from Kilkenny Lawyers Holland Condon

Mar 5, 2014

The Irish Law Society’s Litigation Committee’s attention has been drawn to an instance of an award of €74,500 being lodged in court on behalf of a minor plaintiff in August 2012 that, when paid out of court in June 2013, was reduced to €72,825.44.

The reduction resulted primarily from stamp duty totalling €1,683.60 levied on the investment and the payment out, as well as exit tax on the realised gain.

In instances where an award is made in favour of a minor plaintiff who will shortly attain majority, the Litigation Committee recommends that, in appropriate cases, consideration be given to applying to the court to have the moneys paid to a responsible adult to hold as trustee, rather than having moneys lodged in court.

– a legal news update from Kilkenny law firm Holland Condon

More fromLegal News

Solicitors Kilkenny Main banner

Landlords Beware when evicting Tenants

1st February, 2023 The Court of Appeal in England and Wales recently considered the validity of a notice to quit and decided that a notice addressed to the wrong recipient was invalid. Background...

Feb 1, 2023
solicitors kilkenny

New Minister and New A.G.

19th December, 2022 Rossa Fanning was appointed the Attorney General for the Republic of Ireland on Saturday. Mr Fanning, who is not a member of any political party, was nominated by new...

Dec 19, 2022