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:

As I understand it, the Senator's question is whether there should be preferential priority for ex gratiapayments and not for their statutory entitlement. There is a priority order for all of the legal obligations that have to be met by the liquidator with regard to all of the creditors who have a claim on a business. We are speaking about reordering what the legal entitlement is.