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The Department of Finance has said that the size of the fund is yet to be confirmed but may be between €13-15 billion, including EU interest.
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The tender notice reads:
The NTMA, together with Apple Sales International (ASI) and Apple Operations Europe (AOE), is seeking expressions of interest for the provision of escrow agency and custodian services which Ireland is required to recover from ASI and AOI.
The notice concludes by saying the duration of the escrow “cannot be fixed” because of the ongoing appeals process but that is expected to remain in place pending the outcome of the appeals.
Financial agencies interested in submitting a tender application are directed to do it electronically and the NTMA has said that it envisages up to five candidates will be considered.
The contract notice will also be published on an EU-wide tenders website and the Department of Finance said in a statement that it expects the procurement process to last for five months.
The sheer size of the funds involved has caused a delay in the collection process with Ireland missing the initial collection deadline back in January.
European Commissioner for Competition Margrethe Vestager. Monasse Thierry / PA Images
Monasse Thierry / PA Images / PA Images
“Given the scale and bespoke nature of such a fund, the precise terms are still being negotiated and are subject to confidential and commercially sensitive considerations but will involve the appointment of independent third-party service providers,” the department said.
The EU’s Competition Commissioner Margrethe Vestager previously stated that Ireland was “taking too long” to recover the funds from Apple.
Vestager acknowledged that it was a complicated process when Ireland missed the initial deadline but said in May that she hoped Ireland would collect the funds “very soon”.
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Seems the spag bol that was cooked was never eating. Now im no housing expert, but jesus a emersion to heat the water for a shower, surely that would be changed to an proper electric shower omce you move in. But sure its more made up crap from the Journal
This pattern of feeling ok after the weekend and then being wrecked in the mornings / exhausted sounds a bit like early stage long covid. Might have to consider taking it easy for a while to get over it. As otherwise it can become chronic. Hope I’m wrong as I wouldn’t wish it on anyone
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