Michael McGrath (Cork South Central, Fianna Fail)
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321. To ask the Minister for Finance if negotiations are ongoing between persons (details supplied) and the special liquidators of a bank in relation to the control of certain properties, potential litigation against the persons by the special liquidator and litigation by the persons against the former bank; if he is being kept informed of such negotiations; the mandate which has been conveyed to those negotiating on the State's behalf; the amount of legal and recovery costs already incurred by the special liquidator on this matter; and if he will make a statement on the matter. [1844/17]

Michael Noonan (Limerick City, Fine Gael)
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I am advised by the Special Liquidators that there are no ongoing settlement discussions with the party referred to in the question or any of their representatives at this time.

Generally speaking, my officials and I would be kept informed by the Special Liquidators at a high level of any such discussions between them and the party referred to in the question but the detail of such discussions between both parties would be a matter for the Special Liquidators in the context of their overriding legal obligations and neither I nor my officials would have any input into them.

In relation to the costs incurred by the Special Liquidators on this matter, I am advised by them that they are not in a position to provide the requested information due to commercial confidentiality and ongoing litigation involving the party referred to in the question.