Dáil debates

Tuesday, 20 January 2009

Anglo Irish Bank Corporation Bill 2009: Order for Second Stage


Bill entitled an Act to provide, in the public interest, for maintaining the stability of the financial system in the State, and for that purpose—

(a) to provide for the transfer to the Minister for Finance or the Minister's nominee of all the shares in Anglo Irish Bank Corporation Public Limited Company,

(b) to extinguish certain rights in Anglo Irish Bank,

(c) to disapply certain provisions of the Companies Acts and other enactments in so far as they relate to Anglo Irish Bank,

(d) to provide for the removal of persons from certain offices, positions or employment with Anglo Irish Bank and the appointment of persons to those offices or positions or that employment,

(e) to provide for the appointment of an Assessor to assess whether compensation should be paid to persons whose shares were transferred to the Minister for Finance or whose rights were extinguished, and if so to determine the fair and reasonable amount payable as such compensation,

(f) to provide for the payment of any such compensation,

(g) to make consequential amendments to certain other enactments, and

(h) to provide for connected matters.

2:00 am

Photo of Brian Lenihan JnrBrian Lenihan Jnr (Minister, Department of Finance; Dublin West, Fianna Fail)
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I move: "That Second Stage be taken now."

Question put and agreed to.