DAA pays chairman's law firm Arthur Cox €4.3m in fees
Semi-state airport operator Dublin airport Authority DAA has paid €4.3m to its chairman's Padraig O'Riordain's law firm over the last three years.
Arthur Cox earned €1.7m in fees from semi-state Dublin Airport Authority last year. This is on top of €1.2m in 2013 and a further €1.4m a year earlier.
That's €4.3m over three years for the country's largest law firm Arthur Cox.
Dublin Airport Authority chairman Padraig O Riordain is a corporate law specialist and partner in Arthur Cox, having been the firm's managing partner from 2003 to 2011.
O Riordain was first appointed as DAA chairman by the then transport minister Leo Varadkar in January 2012. His term was extended last January.
"The chairman... is a partner in Arthur Cox, which provides legal services to the group," according to DAA. "As Mr O Riordain has no involvement in either the procurement by the group of such services or the provision of legal services to the group, his partnership in the firm is not considered to compromise his independence.
"In addition, Mr O Riordain's partnership in Arthur Cox was disclosed to and considered by the shareholder prior to his appointment and re-appointment as chairman," according to the Dublin Airport Authority.
Arthur Cox also acts for some of DAA's biggest clients. It has also advised Aer Lingus in its defence of a cluster of Ryanair takeover bids.
The law firm is now acting for Aer Lingus on the €1.36bn IAG takeover bid and also worked on the sale of Cityjet to Intro Aviation last year.
Sunday Indo Business