Dáil debates
Tuesday, 21 April 2015
Leaders' Questions
3:55 pm
Enda Kenny (Mayo, Fine Gael) | Oireachtas source
It should also be noted that at that time the ordinary course of the bank's business was to conduct an orderly rundown and ultimate liquidation of the bank, which happened. As such, IBRC's efforts as a secure lender to maximise the recovery of its loans to Siteserv was considered in the ordinary course of business. For that reason, and because of the framework relationship, IBRC was not required to consult with the Minister for Finance on this matter in advance of making the decision to approve the sale of the company referred to in the question.
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