Results 10,121-10,140 of 36,253 for speaker:Pearse Doherty

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Setanta Insurance Liquidation: Discussion (1 Apr 2015)

Pearse Doherty: I appreciate that and that we cannot stray into legal matters, but this case could be of huge importance to 1,444 claimants. They could be paid extra as a result. We were talking about the insurance compensation fund, the MIBI being paid by its insurance policy holders and the State's share being recouped, but this is crunch time for claimants in terms of the payments that could be made....

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Setanta Insurance Liquidation: Discussion (1 Apr 2015)

Pearse Doherty: In relation to the benefit-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Setanta Insurance Liquidation: Discussion (1 Apr 2015)

Pearse Doherty: We appreciate the clarification. Without divulging any confidential information, what are the highest third-party claims? What is the ball park figure?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Setanta Insurance Liquidation: Discussion (1 Apr 2015)

Pearse Doherty: It is in excess of €1 million. If the insurance compensation fund paid out for that case, that party would be at least €350,000 short of the claim, depending on other factors. There was a bit of discussion regarding shareholders, and the liquidator is going to the courts to find out who is the beneficial owner of the company. I examined the company records for 2013 and...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Setanta Insurance Liquidation: Discussion (1 Apr 2015)

Pearse Doherty: In 2013, it owned 11,049,195 shares. The second shareholder was GANADO Trustees, which owned one share. From the witness's experience, is that type of structure usual? Would there be two trustees and holding companies, one with 11 million shares and the other with one share?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Setanta Insurance Liquidation: Discussion (1 Apr 2015)

Pearse Doherty: Both of these shareholders are registered at the same address, 171 Old Bakery Street, Valletta. Is this a familiar place?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Setanta Insurance Liquidation: Discussion (1 Apr 2015)

Pearse Doherty: That was changed after 2013.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Setanta Insurance Liquidation: Discussion (1 Apr 2015)

Pearse Doherty: Company accounts indicate directors from Foxrock and Dundrum. We have their names and addresses. Have the directors given any information about the owners of the company?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Setanta Insurance Liquidation: Discussion (1 Apr 2015)

Pearse Doherty: Setanta continued to sell after January 2014. I wrote to the financial regulator in Malta last year and I am thankful that I received a response. It stated very clearly that the Maltese financial regulator at the time directed Setanta to cease with immediate effect in carrying out any new or renewal of contracts of insurance, as of close of business of 24 January 2014. Following inquiry...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Setanta Insurance Liquidation: Discussion (1 Apr 2015)

Pearse Doherty: I have a final question on the MIBI. Under the conditions it has entered into with the 2009 agreement with the Department, anyone paid by the MIBI would have the potential for the MIBI to reclaim the amount from a future insurance policy. If the individual mentioned by Mr. Mercieca were paid €1 million as a third-party claimant, the MIBI could recover that amount by a levy on a new...

Written Answers — Department of Agriculture, Food and the Marine: Agriculture Schemes Applications (2 Apr 2015)

Pearse Doherty: 106. To ask the Minister for Agriculture, Food and the Marine in relation to the national reserve scheme, if there are implications with regard to the processing of applications in instances where paper applications are submitted instead of online; and if he will make a statement on the matter. [13703/15]

Written Answers — Department of Agriculture, Food and the Marine: Agriculture Schemes Applications (2 Apr 2015)

Pearse Doherty: 107. To ask the Minister for Agriculture, Food and the Marine in relation to the national reserve scheme, if he will provide details as to the action that will be taken in instances where minor errors or omissions may be present on applications; if such circumstances are grounds for the rejection of an application; and if he will make a statement on the matter. [13704/15]

Written Answers — Department of Health: Hospital Appointments Administration (2 Apr 2015)

Pearse Doherty: 165. To ask the Minister for Health when a person (details supplied) in County Donegal will receive an appointment at Galway University Hospital; and if he will make a statement on the matter. [13701/15]

Written Answers — Department of Environment, Community and Local Government: Commercial Rates (2 Apr 2015)

Pearse Doherty: 238. To ask the Minister for Environment, Community and Local Government in view of the recommendations contained in the inter-agency working group report on job creation and new enterprise opportunities on the Gaoth Dobhair business park in County Donegal, in which a new scheme to reduce the burden of commercial rates payable by enterprise was advocated, his plans to introduce such a scheme;...

Written Answers — Department of Communications, Energy and Natural Resources: National Broadband Plan Implementation (2 Apr 2015)

Pearse Doherty: 256. To ask the Minister for Communications, Energy and Natural Resources in view of the recommendations contained in the interagency working group report on job creation and new enterprise opportunities on the Gaoth Dobhair Business Park, County Donegal, in which the prioritising of the North West Donegal Gaeltacht within the National Broadband Plan was advocated, his plans to prioritise the...

Written Answers — Department of Transport, Tourism and Sport: Road Projects Status (2 Apr 2015)

Pearse Doherty: 272. To ask the Minister for Transport, Tourism and Sport in view of the recommendations contained in the inter-agency working group report on job creation and new enterprise opportunities on the Gaoth Dobhair Business Park in County Donegal, in which the development of the N14/A5 road project was endorsed, his plans to advance and fast-track the project; when he expects construction to...

Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)

Pearse Doherty: Cuirim fáilte roimh Mr. Moran. I was looking at The Irish Timespiece that Mr. Moran had in 2008 looking forward to 2009, when the podcast went off. I am not being paid by The Irish Timesto do that deliberately. It is the second time it has happened, so my apologies. Mr. Moran has said that in 2005 he suggested to his clients to sell and not buy at that point in time. Clearly they...

Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)

Pearse Doherty: If we consider the peak year of 2006, some €3.6 billion worth of transactions took place in Ireland. How many individuals or syndicates were involved in those transactions?

Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)

Pearse Doherty: Mr. Moran stated that people were interested in stoking up the property market. The figures he provided indicate that a small number of individuals or syndicates were involved in the transactions in question. How could it have been in their interests to continue to invest when the suggestion was that the market was overheated?

Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)

Pearse Doherty: Mr. Moran mentioned the fact that very little, if any, purchasing was done through the medium of cash and that lending was very much bank led. We know that €3.6 billion was spent here by Irish investors in 2006. However, large multiples of that amount were invested outside of the jurisdiction. Will Mr. Moran outline the type of investments involved in that regard?