Oireachtas Joint and Select Committees

Thursday, 22 March 2018

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

Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB

9:30 am

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

I would like to add to that question. Can Mr. Masding clarify at what point in the process the bank is likely to be advised legally that it has an obligation to proceed because so many parties have expressed an interest, invested resources and engaged in the process? At what point is the bank likely to be told that it cannot terminate the Project Glas portfolio sale?

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