MAY118715 - Provision of Legal Advice to National Asset Management Agency

On the direction of the Minister for Finance, the NTMA is seeking to appoint a legal adviser to advise and assist the NTMA in its preparatory work in structuring NAMA and to ensure that the enabling legislation is fit for purpose. It is expected that legislation will be introduced in July 2009 and enacted no later than September 2009. NTMA will require legal advice in relation to NAMA’s corporate framework, the planning and design of the legal framework for participation in NAMA and advice on legal issues which will be incorporated into the draft legislation. It is envisaged that the following areas will be relevant:- legal structure of NAMA; state owned company or statutory body corporate- legal structures for NAMA and NAMA sponsored SPVs- banking and regulatory issues- constitutional and administrative law issues- asset transfers - legal requirements and options- asset management - options for servicing, restructuring and disposal- enforcement of security - legal requirements and options- legal relationships with participating banks, syndicate banks and other stakeholders- formulation of standard term sheet and conditions for participation- design of due diligence process for asset transfers- design of documentation for asset transfers - design of servicing agreements and other matters ancillary to participation NOTE: Further information and additional documentation relating to this notice may be available on the eTenders Web Site at http://www.etenders.gov.ie/Search/Search_Switch.aspx?ID=84834.

Works

08/06/2009 16:00:00