Dáil debates

Wednesday, 7 July 2021

Companies (Rescue Process for Small and Micro Companies) Bill 2021: Committee and Remaining Stages

 

7:07 pm

Photo of Louise O'ReillyLouise O'Reilly (Dublin Fingal, Sinn Fein) | Oireachtas source

That is great. I thank the Leas-Cheann Comhairle. The amendment seeks to ensure the process does what it is intended to do, which is to be quicker than existing arrangements. When the Minister of State and I spoke in the committee meeting, he indicated that the process may not be quicker. That is a disappointment but we should try our best to do whatever we can to encourage and speed up the process without making it unworkable. I am interested to hear the Minister of State's views on this. As I have said, if it is the case that moving from 21 days to 15 is not appropriate, I would be happy to hear that, but we need to make every effort possible to ensure the legislation does what it is supposed to do, which is to ensure the process is not only cheaper, but also faster.

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