Oireachtas Joint and Select Committees

Thursday, 30 September 2021

Public Accounts Committee

NAMA Financial Statement 2020 and Special Report 111 of the Comptroller and Auditor General

9:30 am

Photo of Catherine MurphyCatherine Murphy (Kildare North, Social Democrats)
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As Mr. McDonagh mentioned, some of this has been going on since NAMA was set up in 2009. It would have been shortly afterwards that NAMA became active on some of these. Tens of millions of euro have been spent on legal fees. I can understand why that would be so and NAMA has also defended cases in courts.

Has there been any scenario where NAMA has had to dispense with the services of any legal companies because they were not advancing their work in the disposal of any of these assets?