Written answers

Tuesday, 16 June 2015

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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230. To ask the Minister for Finance if he will provide a breakdown of the legal and professional fees incurred by the Irish Bank Resolution Corporation in relation to the ongoing legal dispute between the corporation and a family (details supplied), the said fees, including fees paid to solicitors, barristers, accountants, expert witnesses, information and technology consultants, nominee directors and receivers, both personal receivers and share receivers; and if he will make a statement on the matter. [23024/15]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I am advised by the Special Liquidators that they are not in a position to provide the requested information due to commercial confidentiality and ongoing litigation involving the family referred to in the question.

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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231. To ask the Minister for Finance if he will provide a breakdown of fees paid to barristers, senior and junior counsel, by the Irish Bank Resolution Corporation for each of the years 2011 to 2014, including the name of, and amount paid to, each recipient; and if he will make a statement on the matter. [23025/15]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I would like to direct the Deputy to the Irish Bank Resolution Corporation Limited (in Special Liquidation) update report of 12 March 2015 which is available on the Department of Finance website at and in particular pages 58  to 67 inclusive.  The report provides details of the fees paid to A&L Goodbody, Linklaters and other legal advisers up to 31 December 2014.

I am advised that the Special Liquidators are unable to provide the information requested due to the fact that the systems in place in Irish Bank Resolution Corporation Limited (in Special Liquidation) do not differentiate between fees paid to legal firms and fees paid to barristers; and typically, barrister fees would be included in fee notes raised by the relevant legal firm.

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