Dáil Éireann Debate, Friday - 16 December 2016
123. Deputy Michael McGrath asked the Minister for Finance the amount of fees paid to barristers, senior and junior counsel, by IBRC since the appointment of the special liquidators; the name and amount paid to each recipient; the estimated total professional fees arising from the special liquidation; and if he will make a statement on the matter. [40646/16]
View answerA summary of the Special Liquidation fees, including legal fees to 31 December 2015 is available on page 61 of the most recent progress update report which is available on the Department of Finance website (http://www.finance.gov.ie/sites/default/files/Progress%20update%20report_31%20Dec%202015_0.pdf).
The information sought in the question is not information held in my Department and I am advised by the Special Liquidators that an updated summary of the Special Liquidation fees, including legal fees, is not readily available at this time. However, the Special Liquidators have informed me that an updated summary of the Special Liquidation fees, including legal fees to 31 December 2016 will be contained in the next progress update report which will be published in H1 2017.
I am further advised by the Special Liquidators that it is not possible for them at this time to confirm or estimate the final fees of the liquidation as there remains a number of tasks in the liquidation to be completed including the on-going management of c. 350 legal cases, the completion of the creditor adjudication process, the work with the Commission of Investigation, the management of the remaining loan book and the realisation of all remaining assets.
