General Scheme Small Company Administrative Rescue Process and Miscellaneous Provisions Bill 2021
The General Scheme Small Company Administrative Rescue Process and Miscellaneous Provisions Bill 2021 was published by the Department of Enterprise, Trade and Employment yesterday afternoon. The legislation is to be fast-tracked and is expected to be enacted before the Dáil summer recess begins.
The bill is intended to provide for a procedure, analogous to examinership, by which small companies can restructure their debts and obligations with limited need to involve the Court.
The general scheme runs to 90 pages so Declan de Lacy has prepared a summary of the essential points. Hopefully, you find this useful. If you or one of your clients would like to discuss the new process then we would be delighted to meet with them.
Please click the link to download the summary.