IBRC Liquidation

Dáil Éireann Debate, Tuesday - 21 May 2013

Tuesday, 21 May 2013

Questions (286)

Pearse Doherty

Question:

286. Deputy Pearse Doherty asked the Minister for Finance further to Parliamentary Question 63 of 9 of May 2013, if he will confirm whether legal proceedings have already been issued in relation to whether the insolvency of IBRC is a relevant insolvency within the meaning of the British Transfer of Undertakings (Protection of Employment) Regulations 2006 in a British court; if he will detail the total number of employees prior to the liquidation of IBRC whose employment agreements were governed by British rather than Irish law; and if he will make a statement on the matter. [24323/13]

Written answers

Minister for Finance

I have been advised by the Special Liquidators that no legal proceedings have been served (or to the Special Liquidator's knowledge issued) in relation to whether the insolvency of IBRC is a relevant insolvency within the meaning of the United Kingdom Transfer of Undertaking (Protection of Employment) Regulations 2006. Legal advice is currently being sought by the Special Liquidators on whether the insolvency of IBRC is a relevant insolvency within the meaning of the United Kingdom Transfer of Undertakings (Protection of Employment) Regulations 2006. The effect of those Regulations on employees will be dependent on that advice and ultimately the UK Courts under applicable law. The total number of number employees prior to the liquidation of IBRC whose employment agreements were governed by UK law rather than Irish law is 169.