Michael McDowell (Dublin South East, Progressive Democrats)

In regard to the Company Law Consolidation and Reform Bill, as I understand it, the company law review group has provided heads for a major restatement of company law in one statute. The group has submitted its report to the Department which is now considering it and preparing its position to bring the matter to Government. That will be a major step forward in the consolidation of company law. The group, under the chairmanship of Dr. Tom Courtney, has finished its work and presented it to the Department.

In regard to the register of persons, as the Deputy will appreciate, that matter is currently under very careful review. One of the issues that arises relates to soft information which we are debating in this House. It is not possible to finalise that legislation without clearing the deck, so to speak, constitutionally, to make the exchange of soft information possible.

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