Companies (Amendment) Bill 2014

Public bill · Private Member · Introduced

Companies with liabilities below €5 million, fewer than 50 employees or turnover under €8.8 million could use a faster, cheaper examinership process to avoid closure if they have a reasonable chance of survival. An independent accountant and examiner would assess the company, while creditors could challenge the protection; approved restructuring plans could change loan repayments, interest or rents, with court oversight and safeguards against unfair harm to creditors.

Formal long title

Bill entitled an Act to provide for a system of examinership that will reduce the costs and time involved for companies falling below certain threshold sizes, by amending the Companies (Amendment) Act 1990

Last updated 12 April 2018