Dáil Éireann Debate, Thursday - 6 February 2014
55. Deputy Terence Flanagan asked the Minister for Finance the position regarding the breakdown of the liquidation costs of Irish Bank Resolution Corporation; and if he will make a statement on the matter. [6152/14]
View answerI have been advised by the Special Liquidators that, as is normal in the liquidations of companies, all costs, charges and expenses properly incurred by the Special Liquidators in relation to the winding up of Irish Bank Resolution Corporation Limited (In Special Liquidation), including the Special Liquidators fees, will be paid out of the assets of Irish Bank Resolution Corporation Limited (In Special Liquidation) in priority to all other claims. The Special Liquidators will comply with their reporting obligations and, as such, the liquidation accounts will be filed with the Companies Registration Office after two years of the signing of the Special Liquidation Order and annually thereafter. These accounts will detail the liquidation costs paid out of the assets of Irish Bank Resolution Corporation Limited (In Special Liquidation).
