Oireachtas Joint and Select Committees
Thursday, 24 November 2016
Public Accounts Committee
Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed)
9:00 am
David Cullinane (Waterford, Sinn Fein) | Oireachtas source
Yes, perfect. The minutes read: "As discussed via the conference call between NAMA's Head of Legal and PIMCO's Legal Counsel on 13th March 2014." Again, this is all still in the context of the success fee. Moving on, the minutes read: "In the interest of full transparency, PIMCO disclosed that the success fee arrangement had involved a potential payment of £16 million split equally three ways between Brown Rudnick Solicitors, Tughans Solicitors and Frank Cushnahan."
This again is about the success fee and it being split three ways. Is that correct?
No comments