Wednesday, 20 May 2020
Department of Jobs, Enterprise and Innovation
549. To ask the Minister for Jobs, Enterprise and Innovation if she has examined the proposal by small business representatives to extend the examinership protection window for Covid-19 impacted businesses on a temporary basis. [5679/20]
My Department is progressing as a matter of priority proposals to amend the Companies Acts to mitigate the immediate effects of the Covid-19 crisis on business. Included are proposals to provide the Court with the power to extend the protection provided by it during examinership.
Examinership remains very relevant in the context of preserving viable businesses and protecting jobs. It is a managed process that includes the interests of customers, creditors, suppliers and employees and staff. I have asked my officials and the Company Law Review Group to examine all proposals as a matter of urgency. The CLRG is a statutory body charged with advising me on all matters pertaining to company law to promote enterprise and enhance corporate governance. Membership of the CLRG is wide and representative of the broad range of stakeholders with an interest in company law. This includes bodies such as ISME and the SFA, both of which specifically represent the interests of small and medium sized businesses. This group is ideally positioned to fully consider the many issues arising from a unique wide-ranging perspective.