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
Dr. Matthew Bianchi:
It is the nature of a liquidation process that everyone is paid the same percentage of his or her claim. One cannot give someone more than someone else in percentage terms. One must wait to identify the entire payment that must be made and then give everyone the same percentage.