Dáil Éireann Debate, Tuesday - 28 February 2017
233. Deputy Dara Calleary asked the Minister for Finance if recourse is available to a company which made an unsuccessful bid to a receiver on behalf of a bank for a distressed commercial property which was higher than that of the accepted bid; if this kind of practice is encouraged by his Department; and if he will make a statement on the matter. [10219/17]
Amharc ar fhreagraIt is not clear what the circumstances of this case are or why a decision was taken to accept a lower bid. Such a decision can be made for valid commercial reasons. If any unlawful steps have been taken the appropriate avenue for recourse would be through the Courts. Primary legislative responsibility in this area would rest with my colleague the Minister for Justice and Equality.
