Robert Troy (Longford-Westmeath, Fianna Fail) | Oireachtas source

What I will say is that the proposed new process for the rescue of small companies, the summary rescue process, will be very much distinct from the existing statutory examinership process. That is our intention. We intend to put the proposal out for public consultation. That will happen imminently. We certainly welcome the views and suggestions of all parties on how we move it forward. We are acutely aware that it must be done swiftly. As Deputy O'Dea said, when supports to businesses inevitably taper off as the restrictions lift, we want to ensure that as many sustainable businesses as is practically possible are protected and enabled to restructure in a timely and efficient fashion. That option is not currently available to them and I want to change that. It is my intention and that of the Department to move this process along as swiftly as possible. Obviously, that is partly in our control partly outside of our control, for example, in the case of pre-legislative scrutiny in the Oireachtas committees. I hope that all parties in the House will see the benefit of ensuring robust legislation is in place in this regard and that they will welcome it in order that we can advance this matter without further delay. There will be further engagement with stakeholders in the next number of weeks and we can move the process on from there.

See this speech in context