IBRC Investigations

Dáil Éireann Debate, Tuesday - 18 September 2012

Tuesday, 18 September 2012

Questions (312)

Pearse Doherty

Question:

312. Deputy Pearse Doherty asked the Minister for Finance the quantum of maximum potential additional costs that the Irish Bank Resolution Corporation may incur should IBRC's appeal against the 27 July 2012 decision by the High Court in England in respect of the application by Assenagon Asset Management SA fail; and if IBRC is exposed to claims from other holders of subordinated notes. [38547/12]

Written answers

Minister for Finance

As the Deputy notes IBRC is appealing the decision of the High Court in England in relation to this matter. It would be inappropriate for me to comment on the likely outcome of that appeal or the potential impact of the judgment while the appeal is on-going.

Question No. 313 answered with Question No. 194.