Dáil Éireann Debate, Thursday - 19 December 2013
103. Deputy Terence Flanagan asked the Minister for Finance the monetary amount and number of legal claims being taken in view of the liquidation of Irish Bank Resolution Corporation; the amount of contingent liability on the State's books; and if he will make a statement on the matter. [55009/13]
View answerI am advised that due to commercial confidentiality and sensitivities the Special Liquidators are unable to provide the information requested. All relevant disclosures in respect of legal cases involving IBRC are publically available through the Courts Services website.
I have been advised by the Special Liquidators that there were 120 cases being taken against IBRC at the date of liquidation. Furthermore, there were 720 cases being taken by IBRC against a variety of defendants but primarily against borrowers, former staff and former professional advisors.
