Oireachtas Joint and Select Committees
Thursday, 9 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Brendan McDonagh:
He took it that seriously because he felt that we were being ram-roaded into doing something that we wouldn't advise anybody to do and the senior counsel's opinion came back, said, "Legislation's very clear under the 1990 Act. If the Minister issues you a direction under section 4(4), you are obliged to comply with the Minister's direction."
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