Results 2,721-2,740 of 16,492 for speaker:Ciarán Lynch

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: Not only no obligation but they can argue the rent after three years in a different way to an Irish tenant could argue the rent after three years.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: Okay. So would the model ... I just want to test this out. Developer A is going to develop a retail commercial office space unit, they go to the bank and say, "I have X amount of square metres or whatever, my rental ... the rental market is going to be X per square metre, and I'll fund my development costs through the rental income that will be based upon that. But not only will I be...

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: So did upward-only rents and the particular uniqueness of them to Ireland and the UK, but particularly here in Ireland, were they a contributing factor to escalating the prices of property because the rents could only go up?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: Okay, thank you. Senator Marc MacSharry.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: Okay, we could be bumping outside of terms of reference now, Senator.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: Sometimes ... maybe the question is maybe ruled out before it can even be asked, particularly if the member or his staff have been engaging with legal and they have been forewarned about it beforehand. So I'd ask you to proceed very gingerly, Senator.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: No, no ... I ... If you have been warned by legal that the question is already out of order, it's out of order right now.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: What statement and where?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: Of Mr. Quinlan's statement.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: Your opening statement, please.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: Your opening statement, Mr. Quinlan.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: If you ... The general advice I give to members is to speak to legal before they ask any questions of any witness, so if you've been speaking to legal in this regard-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: It's getting a bit leading, now, Senator. So, Mr. Quinlan I'll give you a bit of space here as to where you want to go with responding.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: Okay, so if you'll move on Senator.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: Mr. Quinlan ... Mr. Quinlan is still within the NAMA structure. The ... we were very, very clear about this ... in the difficulties that that creates for Mr. Quinlan in discussing any-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: Yes, and Mr. Quinlan isn't going to go into that area, I don't think.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: Okay. No, I understand, Senator, that you have had a bit of discussion with legals before this and they've given you plenty of direction on a whole series of questions that you actually had.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: I'll have to ask you to move on from NAMA because Mr. Quinlan is in NAMA and other developers will be coming in here who are actually out of NAMA and they'll be able to speak about that a bit more.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: No, I am not going into private session because-----