Departmental Correspondence

Dáil Éireann Debate, Thursday - 21 July 2016

Thursday, 21 July 2016

Questions (128)

Stephen Donnelly

Question:

128. Deputy Stephen S. Donnelly asked the Minister for Finance the assurances given by NAMA, in writing, electronic or other, in person, or in any other way, to the bidders and or purchasers of any distressed debt loan books sold by NAMA, IBRC, or any other entity, on the establishment of section 110 companies to purchase and or manage the loans; and if he will make a statement on the matter. [23917/16]

Written answers

Minister for Finance

I am advised that NAMA, as the seller of loans does not provide assurances to bidders and/or purchasers of loans from it concerning the establishment of section 110 companies to purchase or manage sold loans. The company structures set up by purchasers for purchasing or managing loans are a matter for the bidder and/or purchaser acting on their own tax and legal advice.

Questions Nos. 129 to 131, inclusive, answered with Question No. 127.