Micheál Martin (Cork South Central, Fianna Fail)

Fundamentally, a new regulatory regime is operational to cover all these areas and it will be overseen by a new competent authority, the Financial Regulator. I am aware of the commentary on the DCC-Fyffes case, including that of Ms Justice Laffoy in her judgment, and we are examining the issues raised. I have referred a number of them to the company law review group with a view to ascertaining what additional legislative amendments may be necessary to deal with them. However, the legislative and regulatory regime that pertains is quite different from that which applied in the context of the case mentioned by the Deputy.

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