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

• Enacted to stabilise Irish credit institutions during the financial crisis.
• Grants Minister for Finance broad powers to issue direction orders and appoint special managers.
• Allows court-ordered transfer of assets and liabilities between institutions.
• Modifies rights of subordinated creditors and limits judicial review.
• Amends multiple financial services Acts, including the Central Bank Act 1942.

"The Credit Institutions (Stabilisation) Act 2010 was enacted on 21 December 2010 to address the serious disruption to Ireland's economy and financial system. It provides the Minister for Finance with powers to issue direction orders, appoint special managers to relevant institutions, impose subordinated liabilities orders, and facilitate the transfer of assets and liabilities. The Act operates within the context of the National Recovery Plan 2011-2014 and the EU/IMF programme of financial support. It aims to stabilise credit institutions, protect depositors, and restructure the banking sector in line with EU state aid rules. The Act also amends several existing financial services enactments."