Richard Bruton (Dublin North Central, Fine Gael) | Oireachtas source

There are two issues here. One is the behaviour of the directors, and there is an obligation on the liquidator to report to the Office of the Director of Corporate Enforcement on the behaviour of the directors. The Office of the Director of Corporate Enforcement is an independent office. It is not led or said by a Minister or anybody else. That is the important strength of the office. It is independent in making a judgment on the behaviour of the directors, and that is as it should be. A decision of that nature cannot be made by Ministers.

In the same way, there is a legislative provision under which the courts may decide that the corporate veil should not apply in this case. I have outlined the provisions in this regard, whereby the liquidator or a creditor can take a case and in deciding the matter-----

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