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IMF denies punitive intent behind Irish judiciary regulation change


By Melissa Lesh

26 March 2014 at 11:00 BST


EU Justice Commissioner Vivian Reding claims the new judicial regulator set forth by the International Monetary Fund (IMF) compromises the independence of Ireland's judiciary.

The new judicial regulator set forth by the IMF may compromise the independence of Ireland's judiciary. David Soanes

The regulation authority, which would be backed by the Department of Justice, would be beholden neither to the government nor to the legal professions.  The Legal Services Regulatory Authority would replace Ireland’s Law Society and Bar Council, according to the Legal Services Regulation Bill.

A key ingredient

Responding to Reding’s allegations that the IMF’s motivations were purely economic, the IMF said: “The IMF considers the rule of law to be a key ingredient in fostering a positive business and investment climate and recognises that it is underpinned by strong and independent institutions, including the judiciary and the legal profession.”  During the bailout, the slow pace of Ireland’s legal services was an issue between the Government and the troika.
Source: Irish Times

 
   
 
 
 

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