Written answers

Tuesday, 24 June 2014

Photo of Stephen DonnellyStephen Donnelly (Wicklow, Independent)
Link to this: Individually | In context | Oireachtas source

176. To ask the Minister for Finance further to the publication by the National Asset Management Agency on 9 June 2014 of its management report and accounts for the last three months of 2013, if fresh litigation was initiated by NAMA in Q4, 2013 that is private and consequently not reported by NAMA; and if he will make a statement on the matter. [27366/14]

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

I am advised by NAMA that all litigation initiated by it is a matter of public record as set out in its quarterly Section 55 reports.

Photo of Stephen DonnellyStephen Donnelly (Wicklow, Independent)
Link to this: Individually | In context | Oireachtas source

177. To ask the Minister for Finance further to the publication by the National Asset Management Agency, NAMA, on 9 June 2014 of its management report and accounts for the last three months of 2013, the reason NAMA no longer provides a quantification of judgment sums sought in proceedings; and if he will make a statement on the matter. [27367/14]

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

I am advised by NAMA that the information provided in the Section 55 report for the fourth quarter of 2013 is as set out in the NAMA Act, namely the title of the proceedings, the parties to it and the reliefs sought by NAMA. There is no requirement under the Act that the information provided should include a quantification of judgement sums sought in the proceedings.  To assist the Deputy NAMA have provided the information below including the quantification of judgement sums sought for Q4 2013.

4 (vi)  SECTION 55 (6) (E) - NUMBER OF LEGAL PROCEEDINGS COMMENCED BY NAMA AND EACH NAMA GROUP ENTITY IN THE QUARTER

List of all legal proceedings (except any proceeding in relation to which a rule of law prohibits publication)

ProceedingTitleParties to the proceedingRelief sought by NAMA or the NAMA group entity
(i)High Court Record No. 2013/5016NALM v Sean KellyPetition for Order of Bankruptcy of Sean Kelly
(ii)High Court Record No2013 3539 SNALM v Veronne KellyOrder for Judgment - €35,850,133.00
(iii)High Court Record Number 2013 / 3236 SNALM v Gerard Burke and Justin BurkeOrder for Judgment - €9,678,234.66.
(iv)High Court Chancery Division HL 13 FO4813NALM v Tower Bridge Road Developments Ltd, Aparthotels (Bermondsey) Ltd, Aparthotels (Tower Bridge) Ltd, Warwick Road Development Ltd, Warwick Road Developments Ltd, Think Apartments Ltd, Zucca Restaurant Ltd.Order for possession and other reliefs
(v)High Court Record No. 2013/4233SNALM v Barry HarteOrder for Judgment - €7,120,780.21
(vi)High Court Record No. 2013/4233SNALM v Conor PhelanOrder for Judgment - €7,120,780.21
(vii)High Court Record No. 2013/4233SNALM v Noel SomersOrder for Judgment - €7,120,780.21
(viii)High Court Record No. 2013/4233SNALM v Liam MurphyOrder for Judgment - €7,120,780.21
(ix)High Court Record No. 2013/4233SNALM v Seamus Keating (Estate of)Order for Judgment - €7,120,780.21
(x)High Court Record No. 2013/4233SNALM v Niall O'Driscoll (Estate of)Order for Judgment - €7,120,780.21
(xi)High Court Record No. 2013/4233SNALM v Tadgh O'BrienOrder for Judgment - €7,120,780.21
(xii)High Court Record No. 2013/4233SNALM v Richard FitzgeraldOrder for Judgment - €7,120,780.21
(xiii)High Court Record No. 2013/4233SNALM v James WhelanOrder for Judgment - €7,120,780.21
(xiv)High Court Record Number 2013 /  4302 SNALM v Desmond RogersOrder for Judgment - €6,469,663.41
(xv)High Court Queen's Bench Division HQ13X56038NALM v Graham HarrisOrder for Judgment in the sum of £225,536,508.10 and €4,295,829.84 plus interest.
(xvi)High Court Record Number 2013 4433 SNALM -v- Patrick WheelockOrder for Judgment - €2,603,513.58
(xvii)High Court Record Number 2013 4443 SNALM -v- Des McSwiggan and Vivienne McSwigganOrder for Judgment - €3,601,487.37

Comments

No comments

Log in or join to post a public comment.