Departmental Legal Cases

Dáil Éireann Debate, Tuesday - 25 July 2023

Tuesday, 25 July 2023

Ceisteanna (289)

Ged Nash

Ceist:

289. Deputy Ged Nash asked the Minister for Finance the amount of money a firm (details supplied) has agreed to pay in relation to the settlement of a case; the total cost to the State of litigating the case in question since 2012; if the settlement included a contribution to the State’s legal costs; if so, if he will provide details in monetary and/or percentage terms of the proportion of the settlement that covered such costs; and if he will make a statement on the matter. [35814/23]

Freagraí scríofa

Minister for Finance

On 23 January 2023, IBRC and EY agreed to settle the proceedings on confidential terms, without admission of liability.  As Minister for Finance, I was not a party to the proceedings and therefore did not incur any legal costs.  It was agreed that the proceedings would be discontinued by the Special Liquidators with no further order.  The terms of the settlement are confidential, and I am advised by the Special Liquidators that their disclosure is the subject of a contractual restriction.