Oireachtas Joint and Select Committees

Tuesday, 15 June 2021

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

General Scheme of the Companies (Small Company Administrative Rescue Process) Bill 2021: Department of Enterprise, Trade and Employment

Photo of Damien EnglishDamien English (Meath West, Fine Gael) | Oireachtas source

I thank the Chairman for his co-operation and for facilitating my team and me. I am happy to address any further individual queries that might come up and will certainly take back the suggestions made today to see how we can enhance it. There will also be an opportunity to debate this informally in the Houses. In respect of the ongoing conversation around the Duffy Cahill report and the other recommendations and conversations, we have completed our work and produced the plan of action in this space. It is going through Cabinet this week so I can engage with the committee as I committed to do in January. I am not sure where the committee's ongoing discussions are with regard to this topic but I am happy to engage with it on our proposals and any suggestions the committee may have. We did engage briefly with our stakeholders, who we brought together prior to Christmas. There seemed to be general acceptance that we are moving in the right direction. Of course, we always want to add to that and there is some ongoing work from the Company Law Review Group but we will certainly move with any changes we can at this stage and, hopefully, by agreement with the committee. This is something we can always work on in the future so I am happy to engage with the committee. We will link in for a date to arrange that.

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