Oireachtas Joint and Select Committees
Thursday, 4 May 2017
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Improving Investment Opportunities in the Wider Economy: Discussion
10:00 am
Mr. Andrew McDowell:
It is accepted it is leaving. Because the legal situation was not envisaged in the statutes of the bank for a country to exit, no provision was made in the statutes for what happens to the share capital paid in. Ultimately, it will be a matter for the negotiations between the 27 and the UK.
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