Lucinda Creighton (Dublin South East, Fine Gael)
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Question 114: To ask the Minister for Finance the action he is taking to ensure that the National Asset Management Agency does not drive up costs in the legal, accounting, auctioneering and related professions during its life span; and if he will make a statement on the matter. [39062/09]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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NAMA will be required to procure professional expert support through a tender process, which meets EU requirements and will ensure that the most economically advantageous option is selected.

The costs set out in tenders submitted by individual professional service providers will be commercial matters for the companies involved. I do not propose to take any action in this area.

Brian O'Shea (Waterford, Labour)
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Question 115: To ask the Minister for Finance his views on the implications for the National Asset Management Agency of the recent High and Supreme Court judgments relating to the examinership protection sought by a company (details supplied); and if he will make a statement on the matter. [37682/09]

Tom Hayes (Tipperary South, Fine Gael)
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Question 122: To ask the Minister for Finance if the recent cases involving a company (details supplied) will have implications for the operation of the National Asset Management Agency; and if he will make a statement on the matter. [37744/09]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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I propose to take Questions Nos. 115 and 122 together.

The specific action referred to by the Deputy is a commercial matter in the management of their loans for the financial institutions concerned. Pending the establishment of NAMA, participating institutions will be expected to manage all loan assets, including non-performing or impaired loans, in accordance with normal commercial practice.

Actions concerning examinership, receivership and liquidation will be subject to the courts and a range of outcomes may emerge. NAMA will deal with the financial institutions and their loan assets and their particular credit status at the time of the loan transfer. If court actions taken before the loan is due to transfer to NAMA have impacted on the value of assets to transfer these matters will be fully taken into account in the valuation of any loans acquired by NAMA.