Following the liquidation of IBRC in February 2013 officials met with the Special Liquidators on a very frequent basis; however, given the progress being made on the liquidation, the frequency of these meetings has reduced as is to be expected. There were eight update meetings held between my officials and the Special Liquidators in 2016 and three update meetings have taken place so far this year. I am advised by my officials that the most recent formal meeting with the Special Liquidators took place on 6 June 2017 and that the next formal meeting is due to take place before the end of September. Officials also speak regularly with the Special Liquidators outside of a formal meeting setting as matters arise. At these formal meetings the Special Liquidators update officials on the progress of the liquidation and bring to their attention any issues which they feel my Department should be made aware of during these meetings. Should my officials have any queries in relation to the professional fees associated with the liquidation or other costs incurred then this matter would be raised during these update meetings.
In addition to regular meetings the Department also receives and publishes regular progress update reports in relation to the Special Liquidation. These reports include a comprehensive update on fees and costs incurred as part of the Special Liquidation. The latest report was provided to the Department in May 2017 and covered the period to the end of 2016. The report is published on the Department's website at http://www.finance.gov.ie/wp-content/uploads/2017/05/170505-IBRC-Progress-update-report-report_31-Dec-16.pdf.
