Niall Collins (Limerick County, Fianna Fail)
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187. To ask the Minister for Jobs, Enterprise and Innovation the position regarding the company law review group’s progress to date regarding examining existing legislation and reporting back with recommendations to safeguard a company’s employees and unsecured creditors in the case of insolvencies; when this report will be completed; and if she will provide an overview of the current regulatory framework in this area. [28393/17]

Frances Fitzgerald (Dublin Mid West, Fine Gael)
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In January 2016, the then Minister requested the Company Law Review Group (CLRG) to review company law with a view to recommending ways company law could be potentially amended to ensure better safeguards for employees and unsecured creditors.  An ad-hoc committee of the CLRG was formed to explore relevant issues.  It met 14 times in total and reported its findings to the 81st Plenary Meeting of the CLRG on 13th June 2017.  A draft report is in the process of being finalised for adoption by the CLRG and it is due to be submitted for my consideration by the CLRG in early July.

I understand that the CLRG report will provide a comprehensive and detailed evaluation of all the relevant provisions of the Companies Act 2014 relevant to employees and unsecured creditors in an insolvency situation.  I look forward to receipt of the report and to considering its findings and recommendations in the coming weeks.