The chairman of the Flood Tribunal, Mr Justice Feargus Flood, and members of several legal teams are planning to travel to Jersey to hear evidence from Mr Joseph Murphy snr, head of the Murphy group.
Mr Justice Flood said it was necessary to travel to Jersey to be "courteous and helpful and respectful to mature individuals". Mr Murphy is 82 and lives in Guernsey and is planning to make a short boat trip to Jersey to give his evidence.
Mr Justice Flood said taking Mr Murphy's evidence via a television link had been considered but might not be the most effective way to proceed. "I could do it by television link, but I think there are too many snags that could occur, breakdown of a line, the whole thing can get flawed if it didn't work." He added that a suitable premises in Jersey would have to be arranged and evidence was likely to be heard over two to three days at the end of July.
Mr Garrett Cooney SC, counsel for the Murphy group, said Mr Murphy's memory was "deteriorating because of age and medical condition". He added there was another problem that he suffered from "which is likely to lead to fairly constant interruption".
Mr Cooney said Mr Murphy snr would refute a large number of claims made in evidence by Mr James Gogarty. He said the tribunal had been given a statement by Mr Murphy, although since then other matters had arisen, mainly during Mr Gogarty's evidence.
"We will look at the statement we have sent in, in conjunction with what has emerged since that time and before the tribunal and we will expand on that statement," said Mr Cooney.
Mr Frank Callanan SC, for Mr Gogarty, said two days for taking evidence from Mr Murphy was "unrealistic".
"He is obviously a central witness, there would be his evidence in chief, there would certainly be my cross-examination and there would be Mr Cooney's examination of his own client," he said.
"I would have thought it highly optimistic to conclude that the evidence would be confined to two days."
Mr Justice Flood said "that can be adjusted" but he warned that taking evidence from Mr Murphy would have to be "done in one bite".
He said: "There is no question of going back for the second week or something like that, just because we haven't had enough time. And likewise, horses will be ridden with fairly tight reins. I am not going to allow the matter wander all around the globe in any sense of the word."