At an extraordinary general meeting of ITÉ, held on 18 July 2003, the company agreed to initiate a process of voluntary liquidation. This decision was a matter for the members in accordance with their memorandum and articles of association and relevant company law. A meeting of the executive committee of ITÉ on 5 December 2003 agreed to the appointment of a liquidator, who was subsequently appointed on 9 January 2004.
The liquidator has assumed responsibility for the management and winding up of the affairs of ITÉ from that date. This includes responsibility for dealing with property disposal issues and outstanding litigation issues. My Department has been liaising closely with the liquidator since his appointment. The final legal fees associated with outstanding litigation cases will form part of a report from the liquidator to my Department.
ITÉ operates from a number of leased premises. I understand that the property referred to by the Deputy is leased from the Office of Public Works, which has agreed to take over the property following the completion of the liquidation. The future of this property, following the completion of the liquidation, is a matter for that office.