Oireachtas Joint and Select Committees

Thursday, 5 February 2015

Public Accounts Committee

Business of Committee

10:00 am

Photo of Joe CostelloJoe Costello (Dublin Central, Labour) | Oireachtas source

I was not aware that the issues that we discussed with that particular lady had taken a turn for the worse. The note that NAMA presents to us indicates that it has been successful in 160 of the 162 completed cases and that a number were mediation cases in which the success rate was equally high. Perhaps we need an in-depth presentation on the nature of the mediation, for example, whether it takes place under threat or is fully consultative and whether there are guidelines. Requesting more in-depth information on how NAMA operates would be useful, both in terms of the 160 out of 162 completed court cases that it took successfully and the 21 out of 22 cases taken against it that it completed successfully. The success rate in terms of mediation is another day's work. Could we get a full statement on these issues and the nature of the mediation?

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