Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

That goes to the crux of the problem. Many people have told me that receivers are unaccountable, unregulated, require no licence, can run up fees and are running up fees because the longer they are there, the more they benefit, even though under the Land and Conveyancing Law Reform Act they are supposed to be acting as an agent for the borrower. There are State institutions such as NAMA which earlier this year paid out €129 million to receivers, €15 million alone in Spencer Dock. I have been raising these issues over several years. When I raised the lack of regulation on receivers in 2016, the former justice Minister, Deputy Frances Fitzgerald, said that the Company Law Review Group was examining the issue. Two years later the group is still looking at the issue. What are we to say to people, and it is not in all cases, where receivers land in in the dead of night, wearing balaclavas and changing locks? There are tenants who pay rent to a landlord, sometimes to companies, who have done nothing wrong, and have their businesses closed down on them. All the anecdotal evidence given to us - and I am unable to back this up because I have not investigated it as it is not my job to do so - suggests that these receivers are milking a system because they are allowed to.