Ciarán Lynch (Cork South Central, Labour) | Oireachtas source

Mr. Sheridan, that is not what I am asking. An Irish company could fail tomorrow morning and there are bonds and all sorts of measures in place. Moreover, there is protection under the consumer code. A very particular circumstance arose here, in which a company calling itself Cú Chulainn - which is who Setanta became when he grew up - gave the impression that it was an Irish company. This firm branded itself as an Irish company deliberately to operate in the Irish market, but those Irish customers and people living in the State discovered afterwards that it was not an Irish company and that they were not protected within the same regulatory framework as if they had been insured by an Irish company. Are there other Setantas, Cú Chulainns or Carrageen mosses out there? Are there companies which are using Irish names but which are not Irish and which do not provide the level of cover, protection and surety as would Irish companies operating within the Irish regulatory market?