Dáil Éireann Debate, Wednesday - 3 June 2020
1122. Deputy Ged Nash asked the Minister for Employment Affairs and Social Protection her plans to bring legislation forward to give effect to the recommendations in a report (details supplied); and if she will make a statement on the matter. [9137/20]
Amharc ar fhreagraThe Deputy may be aware that the Duffy Cahill report was sent to the Company Law Review Group (CLRG) in 2016 for its consideration as part of the work of that group in advising the Minister for Business, Enterprise and Innovation of any changes that it considers necessary with respect to the protection of employees and unsecured creditors. (The CLRG is a statutory body comprising members drawn from regulatory, legal, business and employee interests).
The CLRG, as part of its deliberations, also considered related amendments proposed by you (at that time a Senator) to the Companies (Accounting) Bill in April/May 2017.
The CLRG presented its report on the Protection of Employees and Unsecured Creditors to the Minister for Business, Enterprise and Innovation in June 2017 and it was published on the website of the CLRG. It did not include the implementation of the Duffy Cahill report or your proposals in its recommendations.
It is clear that the implementation of the recommendations in the Duffy Cahill report give rise to a host of complex issues and that any proposal to progress them would require further careful consideration involving consultation with many stakeholders.
I trust this clarifies the matter for the Deputy.
