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

Ms Maeve McElwee:

Chairman, I will answer that last point very quickly. I am talking in the context of no cost to the State assuming that there are assets left to distribute. If it is the case that there is none, it may well come back to the State. Maybe the preferential creditors in terms of staff get all their payment, but we may end up having to support other businesses which then suffer the loss of any payment coming through or any share of those assets if there is anything remaining. It is simply just looking at the flow through.