Dáil Éireann Debate, Thursday - 4 July 2013
74. Deputy Pearse Doherty asked the Minister for Finance if it is intended that the provision of the Irish Bank Resolution Corporation Act 2013 is to have retrospective legal effect and override the specific provisions of the Companies Act that existed prior to the appointment of the special liquidator. [32753/13]
View answerThe Deputy is directed to Section 10 of the Irish Bank Resolution Corporation Act 2013 (the “IBRC Act”), which sets out the application of the Companies Acts to Irish Bank Resolution Corporation (“IBRC”). The IBRC Act details those provisions of the Companies Acts which do not apply to IBRC, the provisions of the Companies Acts that apply to IBRC and the modifications to the existing Companies Acts which will apply to IBRC. The IBRC Act does not have retrospective legal effect.
