Dáil Éireann Debate, Thursday - 12 November 2015
87. Deputy Michael McGrath asked the Minister for Finance the costs to the National Asset Management Agency of the 25 favourable court outcomes in cases taken against it; the amount the agency has been able to recover from the unsuccessful third parties; the top five highest amounts still outstanding and owed to the agency in legal costs; and if he will make a statement on the matter. [39983/15]
View answerI am advised by NAMA that an estimate of the legal costs incurred by NAMA as a defendant in litigation is in the region of €2.8m. In the cases which have had successful outcomes for NAMA, arrangements relating to costs are usually made either as an order for costs awarded by the Courts, or alternatively, the parties reach an agreement on their respective costs as part of the overall resolution of the case. Thus far, I am advised that NAMA has recovered approximately €2.6m in legal costs. In respect of costs orders outstanding, a number of those are currently at taxation.
