Barry Cowen (Offaly, Fianna Fail)
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Many of us were disappointed that the issue of bank vetoes was not included in the initial legislation to establish the Insolvency Service of Ireland. Eventually there was a change to that legislation which allowed the courts to consider and make a judgment on the proposals that were forthcoming, but there was a delay with the court rules on the provision of that authority to the courts. Has that been rectified and, if so, can the representatives give an indication of any such veto by the banks having been subsequently overturned by the courts? Such cases would seem to indicate the folly of the initial decision but at least it has been rectified and there is potential for it to improve in the coming years.