Dáil Éireann Debate, Tuesday - 4 November 2014
267. Deputy Pearse Doherty asked the Minister for Finance if he will instruct the liquidators at a credit union (details supplied) in County Kildare to engage with the local community and members of the credit union to put in place a plan for the future use of the credit union building as a resource for the community. [40914/14]
Amharc ar fhreagraOn 16 December 2013, Mr Jim Luby of McStay Luby Chartered Accountants was appointed by the High Court, under the Central Bank and Credit Institutions (Resolution) Act 2011, as liquidator of Newbridge Credit Union Limited (in liquidation).
The liquidator owes a duty to the creditors of Newbridge Credit Union Limited and must account for his actions to the High Court. As such, the disposal of the assets of the credit union is a matter for the liquidator.
As Minister for Finance, I do not have powers to issue instructions to a liquidator appointed by the High Court.
