Michael McGrath (Cork South Central, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

179. To ask the Minister for Finance the amount of fees paid to date to KPMG arising from its work as special liquidator of Irish Bank Resolution Corporation; the estimate of the total amount of fees that will be due to the firm arising from this work; and if he will make a statement on the matter. [36689/13]

Michael Noonan (Limerick City, Fine Gael)
Link to this: Individually | In context | Oireachtas source

As is normal in liquidations of companies, all costs, charges and expenses properly incurred by the Special Liquidators in relation to the winding up of IBRC, including the Special Liquidators’ fees, will be paid out of the assets of IBRC in priority to all other claims. The Special Liquidators will comply with their reporting obligations and as such the liquidation accounts will be filed with the Companies Registration Office after two years of the liquidation and yearly thereafter. These accounts will detail the fees payable to KPMG arising from its work as Special Liquidators of IBRC.