Oireachtas Joint and Select Committees

Friday, 22 January 2021

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

General Scheme of Companies (Corporate Enforcement Authority) Bill 2018: Discussion
General Scheme of an Employment Permits (Consolidation and Amendment) Bill
Pre-legislative Scrutiny of the General Scheme of Companies (Corporate Enforcement Authority) Bill 2018: Discussion General Scheme of an Employment Permits (Consolidation and Amendment) Bill

Photo of Paul GavanPaul Gavan (Sinn Fein) | Oireachtas source

I wish to follow up on those last comments from Mr. O'Mahony. I should start by thanking all the guests for their comments and Mr. Drennan for his presentation. This issue of directors not putting insolvent companies into liquidation is a point of particular concern to an awful lot of us. It is an issue of huge frustration for trade unionists, employees and companies. I will not name any companies but I think we are all aware of key examples of what I am talking about, whereby employees have been left facing nothing after years of service. I was a little concerned by one comment Mr. O'Mahony made. I do not want to misquote him but I think he mentioned that the issue of directors not putting insolvent companies into liquidation is rare. I am not sure I would agree with him on that but I do not want to misquote him. Is that what he said?

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