Dáil Éireann Debate, Thursday - 21 July 2016
109. Deputy Michael McGrath asked the Minister for Finance the amount of fees paid to barristers, both senior and junior counsel, by IBRC since the appointment of the special liquidators; the name and amount paid to each recipient; and if he will make a statement on the matter. [23866/16]
Amharc ar fhreagraI am advised by the Special Liquidators of IBRC that they do not believe that it would be appropriate to provide the requested details regarding all Counsel engagements by IBRC since their appointment in February 2013 given the legally privileged, commercially sensitive and highly confidential nature of those engagements.
While the multitude of unprecedented, exceptional and novel issues and challenges faced by the Special Liquidators of IBRC in fulfilling its wind down and recovery mandate necessitates expenditure on appropriate legal and professional advice, they have advised me that they remain extremely mindful of the imperative to control legal costs.
The Legal fees incurred in the Liquidation are included as part of Other Legal Advisors Costs as published in the most recent Progress Report Update issued by the Special Liquidators on 27 May 2016 which is available on the Department of Finance website through the following link:
www.finance.gov.ie/sites/default/files/Progress%20update%20report_31%20Dec%202015.pdf
