Michael McGrath
Question:104. Deputy Michael McGrath asked the Minister for Finance the expected timeframe for the acquisition of a sum relating to a case (details supplied). [30709/17]
View answerThursday, 29 June 2017
Questions (104, 105, 106)
Michael McGrath
Question:105. Deputy Michael McGrath asked the Minister for Finance the status of the ownership of interest accumulating from the escrow account established from a judgment (details supplied). [30710/17]
View answerMichael McGrath
Question:106. Deputy Michael McGrath asked the Minister for Finance if the State has secured legal immunity in the operation of the escrow account arising from a case (details supplied). [30711/17]
View answerWritten answers
I propose to take Questions Nos. 104 to 106, inclusive, together.
Notwithstanding the appeal in the Apple State Aid case, the Government is committed to complying with the binding legal obligations the Commission’s Final Decision places on Ireland. Apple therefore must be deprived of the benefit of the alleged aid.
The sums will be placed into an escrow fund with the proceeds being released only when there has been a final determination in the European Courts over the validity of the Commission’s Decision. Given the scale and bespoke nature of such a fund, the precise terms are still being negotiated and are subject to confidential and commercially sensitive deliberations.
The Government is fully committed to ensuring that recovery takes place without delay and have committed significant resources to this matter. Irish officials are continuing this intensive work to ensure that the State complies with all our recovery obligations as soon as possible, and remain in regular contact with the Commission and Apple.