Oireachtas Joint and Select Committees
Wednesday, 2 September 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Michael Walsh:
I understand exactly the point that you are actually putting. The practical reality is ... I don't know if you've ever been involved in civil litigation, but you would be mad to spend your life fighting litigation if there is an opportunity to actually come to some sort of compromise or settlement. And, absolutely, both sides were satisfied that a settlement was appropriate and that was done, obviously without admission of any wrongdoing or otherwise. But, sometimes, you do these things for the purpose of actually moving on with your life and not actually spending all your time kind of fighting an argument which, ultimately, nobody wins, other than the lawyers.
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