Monday 23 January 2017

NAMA racks up €2.8m legal fees

Published 14/11/2015 | 02:30

The National Asset Management Agency (NAMA) has clocked up fees of €2.8m to date in defending claims against it in the courts.

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According to the Minister for Finance, Michael Noonan, legal proceedings have been issued against NAMA in 66 cases, of which 40 cases are ongoing.

In a written Dáil response to FF Finance spokesman Michael McGrath, Mr Noonan said that 26 cases have been completed and 25 have resulted in a favourable outcome for NAMA, with one case resulting in a partly favourable outcome.

NAMA's high success rate in the cases taken against it has resulted in the agency recovering €2.6m in legal costs from those cases.

Irish Independent

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