Results 941-960 of 32,832 for speaker:Catherine Connolly

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

Catherine Connolly: Yes, on 3 April. When was the decision made to make Cerberus the preferred bidder?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

Catherine Connolly: I thank Mr. Soffe. Mr. Ellingham has said that if a company was trying to use the same law firm, that would alert him. I think that is what he said.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

Catherine Connolly: It would alert someone to ask questions?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

Catherine Connolly: That is the first time that has been said in front of this committee. I thank Mr. Ellingham for his clarity. He is clearly saying that if he was aware that the bidder was using the same law firm as the previous bidder, it would alert him to something being wrong. I would not even go that far. It would ring bells, would it not?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

Catherine Connolly: I understand that but I am sticking with general points for the moment. It would concern Mr. Ellingham because it did not seem to concern the chairman of NAMA when he appeared before us. He spoke about them not functioning as legal advisers but having a different role. He did not seem to think that there might be a problem with the same but perhaps I am being unfair to him.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

Catherine Connolly: What Mr. Ellingham is saying clearly to us is that NAMA was aware that A&L Goodbody was the solicitor.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

Catherine Connolly: Full stop.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

Catherine Connolly: I heard Mr. McEnery say that. I just want to be fair to him and get the facts right. NAMA only became aware of it on 3 April. The two bids were put in on 1 April-----

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

Catherine Connolly: -----on April Fools' Day, which is significant. In any event, the two bids were put in and on 3 April, the preferred bidder was named. Is that right? Am I wrong?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

Catherine Connolly: On 3 April, NAMA became aware that the same solicitors had now acted and got an assurance or a letter of comfort from it. Did NAMA ever think of writing separately to the two companies?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

Catherine Connolly: Are all three witnesses of that view?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

Catherine Connolly: The same as Mr. Daly. I am almost finished. What bid was made by Cerberus? What is the exact figure?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

Catherine Connolly: Mr. Soffe did. What is it because there are so many figures?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

Catherine Connolly: That is the exact bid?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

Catherine Connolly: That was the exact bid accepted?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

Catherine Connolly: I will return to the Ulster report and the statement that only a small percentage of the overall portfolio was residential. Was this the point the witnesses were making?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

Catherine Connolly: What was the value of that?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

Catherine Connolly: Will Mr. Soffe revert to me regarding the value of that 8%? Was that 8% all in Northern Ireland?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

Catherine Connolly: A total of 8% was in respect of Northern Ireland.

Joint Standing Committee on the Irish Language, the Gaeltacht and the Islands: Gnó an Choiste (18 Oct 2016)

Catherine Connolly: Tá leithscéal faighte ón Teachta Ó Gallachóir. Tá an Teachta Ó Cuív anseo ag déanamh ionadaíochta ar a shon. Cuirim fáilte roimhe. Tá sé ar intinn agam go mbeidh seisiún príobháideach againn i dtús báire chun dul i ngleic le nithe éagsúla . An bhfuil sé sin aontaithe? Aontaithe.