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

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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The insurance compensation fund, ICF, can only apply to the court for permission to make a payout every six months in the case of a foreign company that has been liquidated, so it has to bundle the cases. It has not gone yet because of the outstanding court cases. Is that the position?