Oireachtas Joint and Select Committees

Thursday, 13 July 2017

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Overview of Operations and Functioning of NAMA: Discussion

9:30 am

Mr. Brendan McDonagh:

It is. Ongoing litigation is being pursued by Flow East in the Czech courts. Flow East also made a complaint to the European Commission. We had to provide it with substantial information and the Commission has now written to Flow East. I must be careful about what I say but we got full recovery of all the moneys owing to us. That satisfied the European Commission, which advised Flow East of the position. Anyone who wishes to litigate can continue to do so but we did not leave any money behind.

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