Oireachtas Joint and Select Committees
Tuesday, 22 November 2016
Public Accounts Committee
Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed)
10:00 am
Mr. Patrick Long:
Success fees are commonplace and indeed our fee, or Lazard's fee, with NAMA was a success fee. We got paid on success. Had the transaction not gone through then we would not have been paid. So, yes, success fees in that sense are commonplace.
Chairman:Can Mr. Long clarify whether he was on a success fee?
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