Financial consultancy services

Tender description

The functions of the Assessor are as prescribed in the Act and include: (a) acceptance of submissions as prescribed in the Act; (b) determination of a fair and reasonable aggregate value of the transferred shares of each class and the extinguished rights as at 15 January 2009 in accordance with the Act; (c) circulation of draft report for comment; (d) report to the Minister; (e) managing a scheme of compensation, made by the Minister, if required; (f) responding to, and conduct of, in accordance with the Act and his or her terms of appointment, all appeals against the Assessor's determination as provided by the Act; and (g) responding to and conducting, in accordance with the Act and his or her terms of appointment. In summary, the services comprise that the Assessor will carry out all functions prescribed for the Assessor in the Anglo Irish Bank Act 2009 (“the Act”). The functions of the Assessor are as prescribed in the Act and include: (a) acceptance of submissions as prescribed in the Act; (b) determination of a fair and reasonable aggregate value of the transferred shares of each class and the extinguished rights as at 15 January 2009 in accordance with the Act; (c) circulation of draft report for comment; (d) report to the Minister; (e) managing a scheme of compensation, made by the Minister, if required; (f) responding to, and conduct of, in accordance with the Act and his or her terms of appointment, all appeals against the Assessor's determination as provided by the Act; and (g) responding to and conducting, in accordance with the Act and his or her terms of appointment, Judicial Review applications under the Act where the Assessor shall be named as sole respondent and, where the Minister and/or the Irish Financial Services Appeals Tribunal or other State entities and/or the State itself are also named as respondents, responding and/or conducting or assisting with such response and/or conduct, as determined by the Minister.