Oireachtas Joint and Select Committees
Wednesday, 22 October 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Operations and Functions: National Asset Management Agency
5:30 pm
Michael McGrath (Cork South Central, Fianna Fail)
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I am conscious of the time and the length of time our guests have been here but I have a few brief questions.
I submitted question No. 12 on page 9 regarding the cost of receivers. The information in the reply is that NAMA has spent almost €77 million on insolvency practitioners, which I assume refers to receivers and liquidators which have been appointed at NAMA's behest, and that 53 firms in Ireland were put on a panel. How many of those firms got work in terms of being appointed as a receiver or liquidator? It appears that the same names are mentioned whenever liquidators or receivers are appointed. If Mr. McDonagh does not have that information to hand, he could forward it to me.