Oireachtas Joint and Select Committees
Wednesday, 8 May 2024
Joint Oireachtas Committee on Jobs, Enterprise and Innovation
Small Companies Administrative Rescue Process: Discussion
Ms Fiona O'Dea:
I am sorry. We would not necessarily have that data. For example, there is no limit to the number of times a company can go into examinership but a court would obviously have serious concerns if the same company is continually going into examinership.
Companies are allowed to enter the SCARP process once every five years, again, for the same reason. A company should not be able to repeatedly avail of SCARP. Because it is not a court process, we did put a limit of once every five years. Ms Keane might come in on liquidations.
No comments