Dáil Éireann Debate, Thursday - 12 November 2015
86. Deputy Michael McGrath asked the Minister for Finance further to Parliamentary Question No. 93 of 5 November 2011, the costs to the National Asset Management Agency to date of the 66 cases taken against it or against its group entities by third parties; the payments over €100,000 to named legal firms and lawyers to date for the work; and if he will make a statement on the matter. [39982/15]
Amharc ar fhreagraNAMA often defends litigation against third parties who are also/already in active litigation instigated by NAMA against that same third party. In these instances, claims and counterclaims are usually dealt with as joint proceedings by the Courts. For this reason, it is not possible to definitively break down the legal costs attributable to each of the claims and the counterclaims. However, NAMA's estimate is that legal costs incurred to date in defending litigation are of the order of €2.8m. Legal firms in receipt of payments over €100,000 are: Gartlan Furey, A&L Goodbody, William Fry, McCann Fitzgerald, Ronan Daly Jermyn, McCarter English, and Hudson Parker.
