Results 8,801-8,820 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: I understand 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: It is just for the benefit of the committee members' understanding as we are not of the corporate world and I am not looking for sensitive information, but perhaps the witness could provide a ballpark figure for the kind of hourly rate we could expect to pay for that kind of advice if we were in that corporate world.
- 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: I do not want him to, but let us say that Joe Bloggs Limited is an equally well known firm and we want to procure the firm to give advice. Is it €5,000 per hour or is it €10,000 per day? What is 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: I am thinking of the condensed timeframe to which the witness referred. In the absence of the approach by Tuvi Keinan, and Cerberus would have no choice but to continue with its existing legal advisers, with which it was happy, and if by having Tuvi Keinan bestowed no advantage on Cerberus over Fortress and Mr. Neporent said that it won the bid anyway, I wonder what the cumulative amount of...
- 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: Okay. It is not important, but the others were on approximately £20 million between them for their work.
- 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: From February to 24 March.
- 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 those other firms.
- 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 told Deputy McDonald that there would have been no fee unless the bid was successful. Brown Rudnick would have provided whatever specialist knowledge it had and that Cerberus felt was very valuable and, in the event that Cerberus pitched a bid wrong and lost, Brown Rudnick would get nothing. Is that correct?
- 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: Presumably, that would be reflected in whatever the contract agreement was between the two.
- 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 the stakeholders to which Tughans in particular gave it access. He also mentioned that members of the Northern Executive were present. In the context of personal guarantees regarding the 55 connections, did any of the stakeholders ask Cerberus to release those 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: 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?