Crinion & Anor v IG Markets Ltd

Crinion & Anor v IG Markets Ltd

Despite defective judgment construction and excessive reliance on one party's submissions, the judge sufficiently engaged with the essential issues and provided adequate reasoning for rejecting the Appellants' case; no injustice requiring reversal was demonstrated.

Parties
Appellant: Tommy Crinion; Appellant: Declan Crinion; Respondent: IG Markets Ltd
Jurisdiction
England and Wales
Judgment Date
23 May 2013
Procedural Posture
Civil Appeal / Judgment on Appeal
Outcome
appeal dismissed
Legal Topics
Judicial Reasoning, Authority in Agency, Regulatory Compliance, Procedural Irregularity
Civil Procedure Contract Law Financial Regulation Judicial Reasoning Authority in Agency Regulatory Compliance Procedural Irregularity

Case Brief

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Parties

Tommy Crinion

Appellant

Declan Crinion

Appellant

IG Markets Ltd

Respondent

Procedural Posture

Civil Appeal / Judgment on Appeal

Legal Issues

  1. 1 Whether the trial judge's wholesale adoption of one party's submissions constituted a serious procedural irregularity
  2. 2 Whether the judge adequately addressed the losing party's arguments
  3. 3 Whether the Respondent correctly classified the Defendants as intermediate customers under COB rule 4.1.4

Ratio Decidendi

Despite defective judgment construction and excessive reliance on one party's submissions, the judge sufficiently engaged with the essential issues and provided adequate reasoning for rejecting the Appellants' case; no injustice requiring reversal was demonstrated.

Court Disposition

appeal dismissed

Orders

  • Judgment against Tommy Crinion for €824,074.18 stands
  • Judgment against Declan Crinion for €1,386,045.03 stands