Results 21-40 of 918 for liquidation ibrc

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Written Answers — Department of Finance: Banking Sector (24 Feb 2022) See 1 other result from this answer

Catherine Murphy: 232. To ask the Minister for Finance the estimated time to complete liquidation of the Irish Bank Resolution Corporation, IBRC; the estimated value of the remaining assets; the number of remaining assets; the number of personnel currently working on the special liquidation; the date on which operations will scale down once the liquidation is complete; if the liquidators will be retained for a...

Written Answers — Department of Finance: Banking Sector (15 Feb 2022)

Paschal Donohoe: Officials from the Department of Finance were notified of the intention of the Special Liquidators to retire as partners of KPMG with effect from April 2023. The Department is engaging with the Special Liquidators and KPMG and has received strong assurances that there will be full continuity of service from the Special Liquidators and from KPMG to complete the special liquidation of...

Public Accounts Committee: Business of Committee (11 Nov 2021)

Brian Stanley: ...ask that question. Next is No. 861 from Mr. John Hogan, Secretary General of the Department of Finance, dated 21 October, providing information requested by the committee regarding the special liquidation of the Irish Bank Resolution Corporation, IBRC. Following consideration of previous correspondence on this matter from the Department, namely, No. 718, the committee requested details...

Public Accounts Committee: Business of Committee (21 Sep 2021) See 1 other result from this debate

Brian Stanley: ...is No. 718 from Mr. John Hogan, Secretary General at the Department of Finance, dated 7 July 2021, providing an update requested by the committee on the eighth progress update report on the special liquidation of the Irish Bank Resolution Corporation, IBRC. The Secretary General stated that the timeline for completion of the liquidation has been extended from the end of 2022 to the end of...

Written Answers — Department of Finance: Departmental Strategies (14 Jul 2021)

Paschal Donohoe: ...of the Public Service ICT Strategy 2015 where applicable. HBFI is committed to making information accessible to all and further details on its accessibility are outlined under ‘Legal’ on its website. While the Irish Bank Resolution Corporation (IBRC) is in the very advanced stages of wind down with no employees, the Special Liquidators have always been conscious to...

Ceisteanna ó Cheannairí - Leaders' Questions (3 Feb 2021) See 3 other results from this debate

Richard Boyd Barrett: ...faced with the same situation because of the failure of this and successive Governments to address this abuse. I put to the Taoiseach a concrete example. The Irish Bank Resolution Corporation, IBRC, which was bailed out by the people, put a €5.5 million fund of enhanced redundancy in place out of its assets so the workers who earned less than €120,000 could get enhanced...

Public Accounts Committee (2 Dec 2020)

Catherine Murphy: The Irish Bank Resolution Corporation, IBRC, liquidation is an old chestnut. Deputy MacSharry pursued an issue regarding the Committee of Selection and the absence of one. I note the increase from €304 million to €313 million. This is the biggest liquidation in the history of the State and the key issue for some of us is how such inadequate oversight has been overlooked. We...

Public Accounts Committee: 2019 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2019
Chapter 17 - Ireland Apple Escrow Fund (5 Nov 2020) See 1 other result from this debate

Marc MacSharry: I welcome the witnesses. They will be familiar with me raising the IBRC liquidation previously, going back to my interest in having a committee of inspection appointed to the liquidation. It is the biggest liquidation in the history of Europe and has been ongoing since February 2013. I am aware that subsequent to us raising it here that legal cases were brought relating to oversight. I...

Special Committee on Covid-19 Response: Impact of Covid-19: Overall Fiscal and Monetary Position (7 Jul 2020)

Mairead Farrell: ...the stimulus and jeopardising the recovery? I have one last question. The programme for Government states that we will use any windfall gains such as the NAMA surplus, the final resolution of the liquidation of the IBRC or the scale of the State shareholdings in the banks to reduce our borrowing requirements. Would it not be better if this money were allocated for investment purposes or...

Written Answers — Department of Finance: Commissions of Investigation (30 Jun 2020)

Paschal Donohoe: A breakdown by year of the costs incurred by the Department of Finance on the IBRC Commission of Investigation is set out in the table below. Year  Total 2015 €223,724.55 2016 €27,180.63 2017 €74,303.49 2018 €31,383.64 2019 ...

Written Answers — Department of Finance: Bank Guarantee Scheme (20 May 2020)

Paschal Donohoe: ...assumption of no further future support being provided to the bank (in line with the requirements of the Act). In relation to Promissory Note payments the Deputy will be aware that the Promissory Notes were cancelled consequent to the liquidation of IBRC in 2013 and that no payments have been made on those notes since that time.

Written Answers — Department of Finance: Banks Recapitalisation (12 Dec 2019)

Paschal Donohoe: ...;5.4 billion was injected into INBS and €29.3 billion into Anglo Irish Bank by way of equity and promissory notes. These entities were merged in July 2011 to become the Irish Bank Resolution Corporation (IBRC) which was subsequently liquidated in February 2013. Please see table below which sets out the current net position of that capital support. IBRC ...

Written Answers — Department of Finance: IBRC Investigations (10 Dec 2019)

Paschal Donohoe: I am advised by the Special Liquidators that IBRC have invoked Section 19 of the Criminal Justice Act 2011 on five occasions.

Ceisteanna ó Cheannairí (Atógáil) - Leaders' Questions (Resumed) (5 Dec 2019)

Joan Collins: ...the letter from the Minister here. This still has not happened. After Christmas we will probably have at a maximum 40 working days left in this Dáil. The Government, when it wants to, as with the liquidation of IBRC, can bring in legislation overnight. Why has the Minister taken so long to bring forward the amendments he said he would bring forward? I believe he is trying to bury...

Written Answers — Department of Finance: Departmental Legal Cases Data (24 Oct 2019)

Paschal Donohoe: ...Ireland to respond to this information request in the time available and therefore I will make arrangements to provide a response in line with Standing Orders. In respect of the Irish Bank Resolution Corporation (IBRC), it is not possible to provide the requested information as I am advised that a manual exercise would need to be undertaken, at considerable expense to the liquidation of...

Written Answers — Department of Finance: IBRC Legal Cases (17 Sep 2019)

Paschal Donohoe: I am advised by the Special Liquidators of IBRC that a settlement agreement was entered into between the parties to the proceedings to which the Deputy has referred to and, due to the confidentiality provisions in the settlement agreement, its terms cannot be disclosed. In respect of investors other than the individual who brought the aforementioned proceedings, no...

Written Answers — Department of Finance: IBRC Legal Cases (17 Sep 2019) See 1 other result from this answer

Catherine Murphy: 132. To ask the Minister for Finance the number of cases concluded in the courts with respect to the IBRC pre-special liquidation; the costs settled to date; the nature of each case; and if he will make a statement on the matter. [37607/19]

Written Answers — Department of Finance: IBRC Expenditure (17 Sep 2019) See 2 other results from this answer

Catherine Murphy: 133. To ask the Minister for Finance the costs incurred regarding the special liquidation of IBRC from 2013 to date; the amounts incurred that were as a result of the engagement of external legal and or financial consultancy; and if he will make a statement on the matter. [37608/19]

Written Answers — Department of Finance: IBRC Legal Cases (6 Sep 2019)

Paschal Donohoe: Since the date of the Special Liquidation in 2013, IBRC has reduced the number of legal cases under active management from over 1,100 to approximately 82 sets of legal proceedings (comprising 63 cases as defendant, 19 recovery and enforcement actions) and one alternative dispute resolution case. Many of these proceedings are high profile and/or are of significant value, involving former...