Tuesday, 27 May 2014

Questions (336)

John McGuinness

Question:

336. Deputy John McGuinness asked the Minister for Jobs, Enterprise and Innovation the number of firms and the number of small and medium enterprises that have availed of the new examinership arrangements through the Circuit Court; and if he will make a statement on the matter. [22528/14]

View answer

Written answers (Question to Jobs)

Amendments to the Circuit Court Rules are required to allow small private companies to apply directly to the Circuit Court to have an examiner appointed. These Circuit Court Rules are currently being finalised and will be the subject of an Order by the Minister for Justice shortly, with an operational date to apply some four weeks from the date of signing.

Upon the signing by the Minister for Justice of the Order in question, I will make an Order commencing Section 2 of the Companies (Miscellaneous Provisions) Act 2013 with an operational date to coincide with the date of applicability of the Circuit Court Rules.

Small private companies can avail of the new examinership arrangements from the operational date of the Orders in question.