I move:
That Seanad Éireann approves the exercise by the State of the option provided by Article 3 of the fourth Protocol set out in the Treaty of Amsterdam to notify the President of the Council of the European Union that it wishes to take part in the adoption and application of the following proposed measure:
An Initiative for a Council Regulation (EC) on Insolvency Proceedings, a copy of which proposed measure was laid before Seanad Éireann on 17 June, 1999.