Results 1-4 of 4 for mick wallace nama segment:7439405

Ceisteanna Eile - Other Questions: NAMA Transactions (17 Apr 2019)

Mick Wallace: ...a shell company based in Luxembourg for €26 million. How can the Minister stand over this? On a different issue, the Minister might be aware of a recent case in the United States involving a NAMA debtor versus NAMA and the National Asset Loan Management, NALM, it was argued by NAMA that NALM was a sovereign and, therefore, subject to the foreign sovereign immunity Act, which...

Ceisteanna Eile - Other Questions: NAMA Transactions (17 Apr 2019)

Mick Wallace: 44. To ask the Minister for Finance if he has had discussions with NAMA officials or his officials with regard to the UN special rapporteur letter on Ireland which stated that 93% of NAMA assets have been sold to foreign investors; and if he will make a statement on the matter. [17801/19]

Ceisteanna Eile - Other Questions: NAMA Transactions (17 Apr 2019)

Mick Wallace: The question relates to the UN special rapporteur's letter on Ireland which states that 93% of NAMA assets have been sold to foreign investors. I am not sure where the UN rapporteur got his figures but I would expect NAMA to know exactly how much it has sold and to whom. It appears that this is not the case. In a press release last week, NAMA stated that 69% of its asset sales went to...

Ceisteanna Eile - Other Questions: NAMA Transactions (17 Apr 2019)

Mick Wallace: There is a play on language here. Of the €74 billion that went into NAMA, what percentage ended up with foreign entities? The Committee of Public Accounts report into Project Eagle from 2016 showed that NAMA had sold 20% of its entire debt of €74 billion to one company, Cerberus. This works out at €14.5 billion, whether one calls it loans or assets. This included...