Oireachtas Joint and Select Committees

Tuesday, 16 April 2024

Joint Oireachtas Committee on Justice, Defence and Equality

Pre-legislative Scrutiny of the Proceeds of Crime (Amendment) Bill 2024: Discussion

Photo of James LawlessJames Lawless (Kildare North, Fianna Fail) | Oireachtas source

I thank Mr. McMeel. Before moving on to the next member, I have a follow-up question, as is the Chair's prerogative. When Mr. McMeel talks about his function as a receiver in that context, does that have the same rights, responsibilities and obligations a receiver would normally have in any commercial undertaking where a receiver is appointed in lieu of debt, etc.? Is it the same? There is certain sort of housekeeping that goes with that where a receiver is not necessarily obliged to choose the optimal price but is obliged to dispose of the asset in an effective way. There is law around whether it should be a manager or just be a receiver. Is that all applicable to CAB's participation then as well?

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