Dáil Éireann Debate, Thursday - 4 July 2013
99. Deputy Pearse Doherty asked the Minister for Finance the number of legal cases the special liquidator is involved in as a plaintiff; if he will quantify the number of cases and the amount involved; and the financial provision that has been made to cover the special liquidator's legal costs in taking these cases. [32762/13]
View answer100. Deputy Pearse Doherty asked the Minister for Finance the number of legal cases the special liquidator is involved in as a defendant; if he will quantify the number of cases and the amount involved; and the financial provision that has been made to cover the special liquidator's legal costs in defending these cases. [32763/13]
View answerI propose to take Questions Nos. 99 and 100 together.
I have been advised by the Special Liquidators that there were 120 cases being taken against IBRC at the date of liquidation. Furthermore, there were 720 cases being taken by IBRC (in Special Liquidation) against a variety of defendants but primarily against borrowers, former staff and former professional advisors.
Due to commercial confidentiality and sensitivities, the Special Liquidators are unable to disclose the amounts involved and the financial provisions in place for legal cases.
