Oireachtas Joint and Select Committees

Wednesday, 1 April 2015

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Setanta Insurance Liquidation: Discussion

2:00 pm

Mr. Paul Mercieca:

By law I am not allowed to make payments until I know the full extent of my liabilities, which I do not know at this point in time, if for no other reason than that there are 600 court cases still in progress and cases are still developing. Until I know the full extent of my liabilities I am not permitted by law to make out any payments.