Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

The primacy of selling to the highest bidder is subject to two conditions. The buyer must, first, have access to finance and, second, not insist on unreasonable conditions. We need to tease that out because Mr. McDonagh keeps reiterating the obligation on NAMA under section 10 to achieve the best financial return to the State. Have there been cases in which NAMA has not accepted the highest bidder because of a judgment that a buyer is imposing unreasonable conditions or would not be able to arrange the finance? We need more details in that regard.