Oireachtas Joint and Select Committees
Thursday, 18 December 2014
Public Accounts Committee
National Asset Management Agency Financial Statements 2013
10:50 am
Mary Lou McDonald (Dublin Central, Sinn Fein) | Oireachtas source
Maybe that explains Mr. McDonagh's concern about a view that might have been taken that NAMA was soft on some debtors. For the people out there, those are very big salaries, particularly since everyone is carrying the can for the chaos that we all landed in. They will note with interest the possibility that these individuals might, in fact, be incentivised to work out the assets.
Mr. McDonagh stated that NAMA has a clear and consistent approach in respect of debtors, that it is "resolute but fair". He made reference then to the fact that litigation can arise in respect of dealings with the debtors. Could he give us some figures for the number of court actions that have been taken or with which NAMA has been involved? I am not asking him to comment on any individual case but I want to get an overall sense of how many actions there are in the High Court and the Commercial Court.
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