Dáil Éireann Debate, Thursday - 18 July 2013
137. Deputy Michael McGrath asked the Minister for Finance when the special liquidator of Irish Bank Resolution Corporation expects to complete the liquidation of the bank and be in a position to inform him of the final statement of affairs; and if he will make a statement on the matter. [36450/13]
View answerOn 10 May 2013, an amendment to the Ministerial Instruction was issued to the Special Liquidators providing further instruction on the deadlines to be met for the valuing and subsequent sale of IBRC assets. Per this revised Instruction, the Special Liquidators are obliged to ensure that the valuation of all IBRC assets is completed by 30 November 2013 and that the sale of all IBRC assets is agreed or completed by no later than 31 December 2013 or as soon as practicable thereafter. The Special Liquidators will be complying with their reporting obligations and as such once the assets of IBRC (in Special Liquidation) have been fully realised and distributed, a final statement of receipts and payments will be filed with the Companies Registration Office.
