Alan Shatter (Dublin South, Fine Gael) | Oireachtas source

Amendment No. 3 is a technical drafting amendment which inserts the necessary definition of "insolvency arrangement" in the Bill. The proposed definition arises as a consequence of the amendments concerning transactions at undervalue where this terminology is used. Amendment No. 127 arises as a consequence of amendment No. 3. It removes the interpretation provision in section 128(7) regarding insolvency arrangements.