Oireachtas Joint and Select Committees

Thursday, 14 December 2017

Public Accounts Committee

2016 Annual Report and Appropriation Accounts of the Comptroller and Auditor General
Chapter 3 - Cost of Bank Stabilisation Measures as at the end of 2016
Irish Bank Resolution Corporation Liquidation

9:00 am

Mr. Des Carville:

I am jotting down some things here. Hypothetically speaking, the following could be commercially sensitive: the length of the contract; termination rights of the contract; the ability of one party to resile from the contract; the ability of the other party to resile from the contract; and dispute resolution, for example, if there is a dispute between us and the contracting party, how we arbitrate the dispute. There could be things in a contract around representations and warrantees and so on.