Oireachtas Joint and Select Committees

Wednesday, 6 July 2022

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Pre-legislative Scrutiny of the Companies (Protection of Employees' Rights in Liquidations) Bill 2021: Discussion

Photo of Matt ShanahanMatt Shanahan (Waterford, Independent) | Oireachtas source

I thank Ms McElwee. Whether it is on a statutory footing or otherwise, is the collective agreement considered a hard debt within a business which is looking at an examinership process? That is what I am trying to figure out. If you are looking at examinership for a business and its total debt profile, where does the statutory agreement figure, not in the debt ranking but as an actual hard and fast debt? Is it a fixed figure or can it be modified? That goes back to a collective agreement. Will Ms McElwee elaborate on that, please?

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