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. Seán Quigley:

There is a special summons which will be the trigger mechanism. The first action the courts have to take is to determine who the parties to the case will be. At this point, the Law Society has agreed that it will be bringing the argument concerning liability. It will be a matter for the court to determine the four other parties which we have identified - the Minister for Finance, the Minister for Transport, Tourism and Sport, the Attorney General and the MIBI - to decide how they will approach it. I will not be a party; I will simply trigger the mechanism.