National Asset Management Agency Act 2009

188.

Conduct of proceedings.

188.— If NAMA or a NAMA group entity elects not to be substituted for a participating institution in relation to legal proceedings, or elects only to be substituted as plaintiff under section 185

( a) the participating institution shall conduct the proceedings with all due vigour in a way that protects the interests of NAMA and the NAMA group entity and in accordance with any directions given by NAMA or the NAMA group entity, and

( b) NAMA or the NAMA group entity may at its election join the proceedings as a notice party.