Seanad debates

Wednesday, 13 March 2019

Withdrawal of the United Kingdom from the European Union (Consequential Provisions) Bill 2019: Committee and Remaining Stages

 

11:30 am

Photo of David NorrisDavid Norris (Independent) | Oireachtas source

This section deals with the insolvency of companies. When a company becomes insolvent, there may be remaining pension obligations. There have been some horrible cases, including those relating to Waterford Crystal and Irish Shipping. In the disgraceful case of Clerys department store, which was in the middle of O'Connell Street, a ghastly woman who was rescued by NAMA went in to kick people out and defraud them of their pensions. It was a horrible situation. I wonder whether anything in this section of the Bill will deal with such cases.

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