Dáil Éireann Debate, Wednesday - 22 January 2014
48. Deputy Michael McGrath asked the Minister for Finance if he will provide a list, including any relevant details, of all legal cases before the courts involving the Irish Banking Resolution Corporation; if he will provide a statement on the current status of each case and the special liquidators' approach in respect of each one; if he will specify any monetary sums involved in each case; and if he will make a statement on the matter. [3065/14]
View answerI have been advised that due to commercial confidentiality and sensitivities the Special Liquidators are unable to provide information in relation to the current status and the approach being taken for each of the legal cases involving IBRC (In Special Liquidation). All relevant disclosures in respect of legal cases involving IBRC (In Special Liquidation) are publicly available through the Courts Services website. Additionally, the Special Liquidators are unable to disclose the amounts involved and the financial provisions in place for legal cases.
In continuing to deal with the various issues and challenges faced as a result of the Special Liquidation, the Special Liquidators, as a matter of prudential and commercial control and oversight, require all necessary and appropriate legal and professional advice. However I have been informed that they remain extremely mindful of the imperative to reduce expenditure on legal fees.
