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Joint Oireachtas Committee on Justice, Defence and Equality: Pre-legislative Scrutiny of the Proceeds of Crime (Amendment) Bill 2024: Discussion (16 Apr 2024): ...me as a receiver to manage the property - it might be to manage it with a view to preserving its value - or, more often than not, it will be to take possession of the property. That could be land and buildings or a residential property but it could be a Ferrari as well. Generally, it is to sell that property and to hold onto the net proceeds of that sale, pending the final order, which is...
Joint Oireachtas Committee on Justice, Defence and Equality: Pre-legislative Scrutiny of the Proceeds of Crime (Amendment) Bill 2024: Discussion (16 Apr 2024): ...the best price reasonably available. If we are receiving the property at the section 4 stage, meaning we have some leeway in whom we can sell it to, as a matter of protocol we will offer it to the Land Development Agency and to the local authority, which will have first refusal. They may decide they are interested in that particular property. We have some quite good news stories. One...

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