David Cullinane (Waterford, Sinn Fein) | Oireachtas source

I do not want to delay the debate, although it has to be said we are making very good progress. I understand that this Bill is not the place to address in some respects the issue that I am raising, but it does have a relationship with the Bill because there is an issue in relation to tactical insolvencies which have happened in the State before. There is a relationship between companies that are based in Ireland but also have subsidiaries in America or in Britain or different parts of the world. Tactical insolvencies are a problem. We had it with Clerys where a company was broken up into an operations department and an assets department, the assets were sold off, and the workers were left high and dry.

All of these provisions and sections are ensuring that the status quoremains. We have moved a Bill on this issue of tactical insolvencies, and there is an interjurisdictional issue involved in the overall issue of tactical insolvencies. What are the Government's plans to deal with the reports that came from Clerys dispute? The Minister will remember that a number of reports were commissioned by the Government which highlighted that there was a problem. Is there legislation in the pipeline or has the Minister anything in progress at the moment that will address that issue of tactical insolvencies?

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