Oireachtas Joint and Select Committees
Wednesday, 21 May 2025
Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach
Dissolution of National Asset Management Agency: Discussion
2:00 am
Mr. Brendan McDonagh:
No. Some of the cases are disputes over assets. Two of the ten live litigating cases are in a foreign jurisdiction, which means they are more difficult for us to manage but we are managing them because we are reliant on the courts in that foreign jurisdiction. One of the cases involves a lay litigant. Three further cases relate to one single debtor who is in dispute over receivership and three different cases arise from that. One open case relates to the estate of a former developer where there is some cash left in the estate and NAMA believes, as a secured creditor, that we are entitled to a share of that cash. There are two further cases involving two current NAMA debtors, although the assets have been sold, where NAMA believes the two debtors have assets. We are pursuing those debtors through the courts to get those assets, as we are obliged to do. If NAMA believes somebody has assets and we have done asset searches on them, they should come and offer those assets because the taxpayer bailed them out and they cannot just walk away from their obligations.