Results 12,701-12,720 of 26,032 for speaker:Kieran O'Donnell
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Costs for Community Groups: Discussion (24 May 2018)
Kieran O'Donnell: What percentage of the remaining 94% of cases is settled outside court and in court?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Costs for Community Groups: Discussion (24 May 2018)
Kieran O'Donnell: Consider the delays of three or four years. If someone makes a whiplash claim, both sides can request consultants or others to carry out an examination and produce a medical report. Why does it take so long? Does such a case go in and out of court? Are there adjournments? What is the process that makes it take so long?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Costs for Community Groups: Discussion (24 May 2018)
Kieran O'Donnell: Finally, Mr. Cahalan said 78 cent in every euro FBD takes in goes towards claims. Regarding the breakdown between the claim and the legal fees, he is saying legal fees are now on average 50% of the value of the claim. Am I correct? Therefore, if a claim-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Costs for Community Groups: Discussion (24 May 2018)
Kieran O'Donnell: On average.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Costs for Community Groups: Discussion (24 May 2018)
Kieran O'Donnell: Is Mr. Cahalan telling me, then, that the breakdown of the 78% is about 60:40. I am bringing it down-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Costs for Community Groups: Discussion (24 May 2018)
Kieran O'Donnell: Then, Mr. Cahalan is saying-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Costs for Community Groups: Discussion (24 May 2018)
Kieran O'Donnell: On average, how long does it take to settle a claim, even if it does not go into court? Is it three years?
- Seanad: Rural Development: Statements (23 May 2018)
Kieran O'Donnell: I welcome the Minister, Deputy Ring, to the Seanad. I commend him on the work he has done to date in rural development. I know it is something close to his heart. He was in Limerick recently and he visited a range of projects such as one that had been funded by the Department in Murroe, County Limerick. He saw what it means to rural Ireland. He is welcome in Limerick any time. I wish to...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)
Kieran O'Donnell: And how.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)
Kieran O'Donnell: I wish to I flesh out a few points. We hear a lot about funds and the vulture aspect of the title in the fund. Is it a bit of a misnomer because, based on what I hear from people involved in the business with whom I am in contact, most of these funds are effectively nearly 100% geared? They are effectively borrowing money from funds themselves worldwide. They then buy the loans from the...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)
Kieran O'Donnell: They are going to institutional investors in the US but they themselves are effectively working off borrowed money. They are not funds in the strictest sense of the word.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)
Kieran O'Donnell: My understanding is that this is not the case. I do not know how Mr. Hall would feel about that.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)
Kieran O'Donnell: It makes a difference because if an entity is a fund, it has a large amount of capital at its disposal. A pension fund is looking for turnover over a longer period. If an entity is borrowing money and buying loans on the basis of borrowed money-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)
Kieran O'Donnell: I am just making that point.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)
Kieran O'Donnell: Mr. Hall and Mr. Burgess will have had direct contact with people who have had their loans sold to vulture funds. Is their contact via an intermediary or with the fund itself? Does the fund lurk in the background, making the decisions, while the intermediary meets the witnesses?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)
Kieran O'Donnell: Can Mr. Hall give an example of that? Does it happen over the phone or via email?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)
Kieran O'Donnell: What would be the position regarding a fund?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)
Kieran O'Donnell: If someone whose mortgage has been sold to Cerberus comes to talk to the IMHO, what does Mr. Hall do? Can he walk us through it?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)
Kieran O'Donnell: Does Mr. Hall pick up the phone and ring the fund? Does he ring the intermediary?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)
Kieran O'Donnell: Mr. Hall has contact within the intermediary. He picks up the phone and tries to contact the funds.