49I.(1) Nothing in Part 2 of the Act of 2026 or this Part renders the Agency or a subsidiary of the Agency, as the case may be, liable for any breach of contract, misrepresentation, breach of duty, breach of trust or other legal or equitable wrong committed by a participating institution in relation to a NAMA bank asset before the acquisition by NAMA or a NAMA group entity of the NAMA bank asset concerned.

(2) No legal proceedings shall be brought against the Agency or a subsidiary of the Agency in relation to any legal or equitable wrong referred to in subsection (1).

(3) Nothing in this Part deprives any person of a remedy in damages against a participating institution in relation to a legal or equitable wrong referred to in subsection (1).]