Ms Ann Nolan:

The State is always vulnerable to being sued. The fact is that apart from the other creditors the liquidator mentioned earlier, such as some of the staff, suppliers and so on, there is also the question of those involved in the case the IBRC lost in the UK courts on the sub-debt. Those people, the sub-debt people we burnt earlier, are very litigious and if they could find a way of getting the money out of the State, something they have made clear they want to do, they would do so.