Mr. Brendan McDonagh:

The important aspect there is that the receiver is legally obliged to maximise the return if he or she steps into the shoes of the debtor. That is what he or she is legally obliged to do under the legislation passed by the Oireachtas. It is the same in the UK as it is in Ireland. NAMA cannot simply cast people aside and say, "We are going to take that off you and give it away for free". NAMA cannot do that.