I am advised by the Special Liquidators that there is no ongoing mediation with the party referred to in the question or any of their representatives at this time.
Generally speaking, my officials and I would be kept informed by the Special Liquidators at a high level of any such discussions between them and the party referred to in the question but the detail of such discussions between both parties would be a matter for the Special Liquidators in the context of their overriding legal obligations and neither I nor my officials would have any input into such discussions.
In relation to the costs incurred by the Special Liquidators on this matter, I am advised by them that they are not in a position to provide the requested information due to commercial confidentiality and ongoing litigation involving the party referred to in the question.
It is important to note that the Special Liquidators are not only working on behalf of the State but on behalf of all creditors of the liquidation and they have a legal obligation to maximise the recovery on the liquidation of IBRC and deliver the best possible outcome to all creditors.
