Michael Noonan (Limerick City, Fine Gael) | Oireachtas source

They are preserved and the liquidator in the first instance will be mandated and will have the full powers to proceed with cases and maintain their continuity. Alternatively, if a point arrives at which it is in the interest of the State to settle, he may do that also. At some point, some of this responsibility will transfer to NAMA. However, I wish to assure the Deputy there is no need to put in place his proposed amendment to protect the continuity of current legal cases that are being processed. That is preserved within the mandate that is being given to the liquidator.

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