It is so ncie to see That Ken Rohans daughter has secured a job with NAMA The champagne corks must really be popping in the Bars around town.
Would it not be just easier to line up the developers on a friday and just hand them a cheque each for ther properties and say all debts now forgiven ! !
At least it would cut out the charade
it would appear that some property professionals stay with NAMA just long enough to familiarise themselves with the processes in place before moving to the other side of the negotiating table.
Whether they root around on NAMAs interest in specific properties before trying to secure them for their new employers I just can’t say.
There is an apparent conflict of interest here irrespective of whether it is real or not and NAMA employment contracts should have a restriction on who people can work for after leaving NAMA for a period of time.
I agree that your solution would be easier and we could put a lot of politicians in the line up also including a few ex party leaders past and present, however another solution would be to line them all up on a Monday just after dawn and do something cheaper.
NAMA will need less staff as it sells of loan portfolios to investment funds.
It is a business that is scheduled to wind down over a relatively short period.
If NAMA sells certain loans then it is to be hoped that the buyer will take the NAMA staff dealing with those loans. NAMA shuld insit on it if at all possible.
Why would an employee accept a contract that says they cannot work in a similar job in Ireland for 6 months after leaving when their job is scheduled to disappear at any time in the next few years. Such a clause is likely to be legally unenforcable as being disproportionate and possibly in contravention of a person’s right to earn a living. Confidentiality clauses on the other hand are legally enforcable if not practically enforcable.