Results 5,341-5,360 of 14,090 for speaker:Marc MacSharry
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Marc MacSharry: What was the context of the meeting that took place between the Minister, Deputy Noonan, the Secretary General of the Department and Cerberus's representatives? Actually, we know the context, but what was discussed at that meeting?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Marc MacSharry: There would have been no discussion about guarantees or the like.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Marc MacSharry: Sorry.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Marc MacSharry: Mr. Neporent might not be able to answer, but anecdotal evidence suggests that Cerberus released all 55 guarantees. Can he comment on that?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Marc MacSharry: That is not the case. In terms of stakeholders in the North, who among the Executive did Cerberus meet?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Marc MacSharry: When did Cerberus meet the deputy First Minister?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Marc MacSharry: Mr. Neporent mentioned that there were prior meetings with Mr. Robinson.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Marc MacSharry: To Mr. Neporent's knowledge, what was discussed at those?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Marc MacSharry: Was there a request at any of those meetings to release guarantees?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Marc MacSharry: It would be of interest if Mr. Neporent could ask those who were at the meeting and respond to us. Was any approach made in the post-transaction environment to the effect that any and all services or requirements that Cerberus would have had would be procured exclusively from the Northern Ireland supply chain?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Marc MacSharry: Reverting to Brown Rudnick and Tughans for a moment, was the relationship to end as soon as the transaction closed? Was there no incentive for either to continue working on Cerberus's behalf, helping it to manage work-out situations and deal with various borrowers and connections? Do they have any role in that regard?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Marc MacSharry: Was that included in the fee or was it separate?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Marc MacSharry: Whatever time it would take was included in the fee. To Mr. Neporent's knowledge, are Brown Rudnick and Tughans regulated to carry out such services in the UK or the US?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Marc MacSharry: Would Mr. Neporent have asked Brown Rudnick for letters of release from PIMCO?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Marc MacSharry: That assurance was good enough. Was it verbal or in writing?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Marc MacSharry: Can Mr. Neporent think of other examples in his career where this kind of thing has happened, where a legal firm that had a lot of the balls in play for somebody else and where the deal was not transpiring was then able to switch sides legitimately and provide that advice to somebody else?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Marc MacSharry: When it does happen is it typical that letters of release would be provided by the company no longer wanting the advice which is required by the company seeking to procure it?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Marc MacSharry: That assurance is just from the firm, it is not from its former client.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Marc MacSharry: The firm is not required to show Mr. Neporent proof of that or anything like that, other than to give an assurance.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Marc MacSharry: Those are my questions for now.