Oireachtas Joint and Select Committees

Thursday, 18 October 2018

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Governance and Regulation of Receivers: Discussion

9:30 am

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

I wish to speak on this. Ms Curley wanted to correct a misunderstanding and stated that the Company Law Reform Group, CLRG, had not been dealing with the issue of receivers. That is fine. I have been raising this case since 2015. In 2016, we got an answer from the then Minister regarding the issue of receivers. She wrote:

However, the 2014 Act does not specify any regulatory standards for the appointment of a receiver.

The Company Law Review Group is a statutory body which advises the Minister for Jobs, Enterprise and Innovation on the review and development of company law in this jurisdiction. As part of its Work Programme 2014 – 2016, the Review Group is examining whether it is desirable or necessary to further amend the law in light of developments in case law or any submissions received on matters which have not been addressed in the 2014 Act.

The only way to read this is to say that exactly what I said was supposed to happen was supposed to happen, yet Ms Curley is telling me that the CLRG has never considered this issue. The reply is on the record of the Dáil.

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