Oireachtas Joint and Select Committees

Wednesday, 17 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. David Doyle:

Not, not ... I'm not aware that there was, Deputy. I do know that over the course of a year, and I wasn't dealing with this hands on myself, there was a small team dealing with it. I did know that, in the context of moving on any particular organisation, there were all sorts of legal issues, some of them relating to constitutional issues in relation to the rights of shareholders, if the State was to step in and how you would deal with them. So at that particular point in time, there was no special resolution legislation ready.

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