Credit Institutions (Stabilisation) Act 2010 Enacted (irishstatutebook.ie)

• Powers for Minister to issue direction orders.
• Allows appointment of special managers.
• Permits transfer of assets without shareholder approval.
• Prohibits certain secured borrowings.

"Enacted on 21 December 2010, the Credit Institutions (Stabilisation) Act gives the Minister for Finance extensive powers to stabilize distressed Irish credit institutions through direction orders, special management, and asset/liability transfers. It overrides certain property rights to maintain financial stability and prohibits certain secured borrowings by relevant institutions."