Results 8,821-8,840 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: 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.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (16 Nov 2016)
Marc MacSharry: I welcome the deputy First Minister and thank him for taking time out of his busy schedule to be here with us and for the courtesy of attending. He mentioned in his opening statement that the Executive would have been aware and supportive of the intention to appoint Northern Ireland advisers in the context of NAMA's undertaking. For the record, can Mr. McGuinness give his knowledge who he...
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (16 Nov 2016)
Marc MacSharry: With the joint decision-making structures in place, did those names cross Mr. McGuinness's desk?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (16 Nov 2016)
Marc MacSharry: Was Mr. McGuinness oblivious, therefore, to the fact of who might be recommended by the Minister, Sammy Wilson?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (16 Nov 2016)
Marc MacSharry: Going back to the beginning of NAMA and its operations, Mr. McGuinness would have been aware that it had connections and properties in the North. Was there a view in the Executive that the approach taken by NAMA in the South, as it was developing in carrying out its work under the NAMA Acts, could be detrimental to the economy 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) (16 Nov 2016)
Marc MacSharry: Were members of parties such as Sinn Féin and the DUP or other parties contacted by constituents in the North, people who were developers or who had connections in the North?. Was there a view emanating from the ground up to the Executive that the orderly extraction of the interests or the involvement of Northern Ireland connections, as NAMA described them, from the process in the South...
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (16 Nov 2016)
Marc MacSharry: On the Sinn Féin side of the Executive, were there representations through Mr. McGuinness’s constituency office or those of other members in the North asking him, as deputy First Minister, to get them out of the NAMA situation because there were disposals going on in the South and they were afraid of a fire sale and that they might not be adequately treated and that could have an...
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (16 Nov 2016)
Marc MacSharry: So, in terms of the Executive, notwithstanding the exclusion of members from various meetings, telephone calls and processes, was there an underlying sense that something had to be done for the Northern-based connections of NAMA to try and in some way manage that process to get the best outcome for the economy of the North?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (16 Nov 2016)
Marc MacSharry: Was there any discussion or commentary at the joint ministerial council to the effect that the Executive was looking at the way disposals were being handled in the South and that it did not want that to happen in the North? Was there any comparison made in terms of saying that the Executive wanted things to go a particular way in the North and that if what was happening in the South were to...
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (16 Nov 2016)
Marc MacSharry: Given what has transpired, from the perspective of the Office of the deputy First Minister - notwithstanding the outcome or without prejudice to the various investigations that are taking place - does Mr. McGuinness feel that the outcome, in terms of the purchase by Cerberus and how they have worked out with those connections and, ultimately, the anecdotal evidence, on which I stand to be...
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (16 Nov 2016)
Marc MacSharry: I know Mr. McGuinness does, as do I, and that is why we are all here. However, I am asking him, notwithstanding the dual nature of the Sinn Féin Party in terms of operating either side of the Border, if he can compartmentalise his answer and say that the sale of Project Eagle and the ultimate outcome - notwithstanding processes and investigations - in terms of the economy of the North,...