Government commissions review of legal protection to ensure companies meet … – Irish Independent

The Government has commissioned a review of legal protection to ensure companies meet their obligations to their employees and unsecured creditors if they go into liquidation.

Labour court chair Kevin Duffy and company law specialist Nessa Cahill have been given eight weeks to examine existing company legislation.

Speaking today Business Minister Ged Nash and Jobs Minister Richard Bruton said the review will be focused on ensuring limited liability or restructuring are not used to avoid a companys obligations to its employees and unsecured creditors.

The examination will specifically look at s…

Read the full article at: http://www.independent.ie/business/irish/government-commissions-review-of-legal-protection-to-ensure-companies-meet-obligations-if-they-go-into-liquidation-34364801.html