Results 13,201-13,220 of 16,492 for speaker:Ciarán Lynch
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Ciarán Lynch: Could I take the example a little further? The developer's debt would be controlled by NAMA but the developer would continue to manage the centre, for which work he or she would be paid a salary. This relates to examples from this meeting. Would all the decisions by the manager be countersigned by NAMA? Would the developer operate independently? I refer to the setting up of retail deals,...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Ciarán Lynch: Is there a process involving co-decision?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Ciarán Lynch: That relates to a point made by Deputy Fleming on the comparison of problems. In some cases, a landlord, or the developer, may be imposing upward-only rent reviews despite what the Minister for Finance, Deputy Noonan, stated in last year's budget speech. In one case in Cork, involving Harvey Norman and the Irish Bank Resolution Corporation, an effort is being made to apply an increase of 2%...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Ciarán Lynch: I refer to circumstances in which there is a haemorrhaging of money despite what one may be earning in mainland Europe or the United States. The company here may be haemorrhaging money.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Ciarán Lynch: Can I clarify one thing before we proceed with this because it is the subject of an appeal. Deputy Fleming is using the transcript from the court and is taking-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Ciarán Lynch: I know that but the Deputy is taking a particular reference point from one witness who has contributed to the case. Has he read the full transcript of both sides or positions that were given on this?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Ciarán Lynch: If the Deputy is going to pursue a line of questioning-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Ciarán Lynch: I know but-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Ciarán Lynch: I would be mindful that the Deputy has not read the full transcript and-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Ciarán Lynch: -----is selecting sections from it.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Ciarán Lynch: I will take Mr. McDonagh's concluding remark and then call Deputy Spring. Does Mr. McDonagh wish to add any further comment?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Ciarán Lynch: I am trying to accommodate everybody. We are approximately 15 or 20 minutes into the discussion. Deputy Boyd Barrett has made his contribution and has been talking for 13 or 14 minutes. Will he conclude, with a couple of questions in order that I can bring in some other contributors?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Ciarán Lynch: I remind the Deputy that he should ask questions.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Ciarán Lynch: I am under time constraints. I will ask Mr. McDonagh to respond and I will move onto Deputy Kevin Humphreys. Deputy Pearse Doherty's colleague, Deputy Brian Stanley, can take up his questions.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Ciarán Lynch: The Deputy can give me a question, not a point of information. I called Deputy Humphreys.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Ciarán Lynch: No, we are going from Government member to Opposition member. I will come back to Deputy Billy Timmins after we hear from Deputy Boyd Barrett.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Ciarán Lynch: The sequence will be Deputy Kevin Humphreys, either Deputy Boyd Barrett or Deputy Higgins, Deputy Timmins, Deputy Sean Fleming, Deputy Spring, whoever is left from Deputy Boyd Barrett or Deputy Higgins, Deputy Mathews, Deputy Stanley, Senator Hayden and Deputy Dara Murphy, if he returns. My apologies to Deputy Timmins.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Ciarán Lynch: I shall interject. I refer members to Mr. Daly's opening statement. I shall summarise it by saying that an investigation carried out also led to an indication of another individual which is presently under examination.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Ciarán Lynch: Okay.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Ciarán Lynch: Okay.