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. Antoine Mac Donncha:

That is correct. The High Court will determine who the parties are to be. I anticipate that the MIBI will take the lead role in any argument or opposition to the application from the Law Society of Ireland because the MIBI ultimately is the one that has the most skin in that game. It may be that the High Court will direct that other potential parties should also be parties to it. Our role is likely to be much more limited than the one the MIBI is going to take in that event.