IBRC Liquidation

Dáil Éireann Debate, Tuesday - 6 May 2014

Tuesday, 6 May 2014

Questions (153)

Pearse Doherty

Question:

153. Deputy Pearse Doherty asked the Minister for Finance further to Parliamentary Question No. 54 of 17 April 2014, if there have been other incidents in which he has been consulted in deciding not to pursue legal proceedings against any persons-bodies by the former board of the Irish Bank Resolution Corporation or by the current special liquidators; and if so, if he will set out the specifics of such occasions including the names of the persons-bodies involved and the dates of the decisions. [20121/14]

Written answers

Minister for Finance

Under the terms of the Relationship Framework in place between IBRC and the Department the bank was obliged to consult with me and keep me informed in relation to all material litigation in the bank. Details in relation to these frameworks can be found on the Department website at http://banking.finance.gov.ie/presentations-and-latest-documents/.

I can confirm that I was consulted on a number of legal cases as per the Relationship Framework in place with the bank. I am not in a position to provide any details in relation to individual cases as it would be inappropriate to comment on proceedings that are before the courts. I can confirm that I have not been consulted by the former board of Irish Bank Resolution Corporation or by the Special Liquidators as to the discontinuance of proceedings against any of the former directors of INBS (with the exception of Dr Cornelius Power, as dealt with in my reply to Parliamentary Question No. 54 of 17 April 2014).