Pearse Doherty
Question:73. Deputy Pearse Doherty asked the Minister for Finance the rights under the Companies Act or other relevant Acts a creditor has when a company is in special liquidation. [32752/13]
View answerThursday, 4 July 2013
Questions (73)
Written answers
At the outset it is important to note that the Special Liquidators have been appointed to Irish Bank Resolution Corporation pursuant to the Irish Bank Resolution Corporation Act 2013 and the concept of special liquidation is not relevant to any company other than Irish Bank Resolution Corporation Limited.
Creditors of IBRC have rights that are similar to creditors of companies that have been wound up under the Companies Acts. Those rights are largely determined by the priority afforded to them under the Companies Acts and such priority has not been modified under the Irish Bank Resolution Corporation Act 2013.