Written answers
Tuesday, 25 February 2014
Department of Finance
NAMA Expenditure
Michael McGrath (Cork South Central, Fianna Fail)
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184. To ask the Minister for Finance the rates liquidators are permitted to charge the National Asset Management Agency following the tender process for insolvency services that NAMA undertook; and if he will make a statement on the matter. [8986/14]
Michael Noonan (Limerick City, Fine Gael)
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I am advised by NAMA that it does not appoint liquidators from its insolvency practitioner panels. I am advised that liquidators are, in fact, generally appointed by Directors, creditors or by the High Court on the petition of a company, its directors, shareholders or creditors and are remunerated in accordance with the provisions of the Companies Acts.
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