Oireachtas Joint and Select Committees

Wednesday, 31 May 2023

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

General Scheme of the Plan of Action on Collective Redundancies following Insolvency Bill 2023: Discussion

Photo of Marie SherlockMarie Sherlock (Labour) | Oireachtas source

It is a welcome provision but I am thinking about the operation, especially in the context of an unlimited company and access to information. I do not know what power of discovery there is with regard to accessing the finances of an unlimited company either located here or, particularly, those located abroad. When we look at the likes of Vita Cortex and other companies over the years, it is companies controlled by entities abroad, where money was effectively sent abroad. I am trying to see, in the context of an Irish court, how they can identify that this company located abroad is effectively attributable for why the company is now in the situation it is in.

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