Examinership must be made easier for companies that will need to restructure 18th December 2020 - Richard Bruton TD Examinership must be overhauled to allow an administrative process be established to ensure viable businesses are saved in a post Covid economy, a Fine Gael TD has said. Richard Burton, Chairperson of the Fine Gael Parliamentary Party, said, “Examinership is a process which shelters a viable business while it can work out a restructuring arrangement with its landlord and its creditors. In Ireland, it can only be done through the High Court and it is prohibitively expensive, costing about €100,000. “The result is few businesses avail of it. It is estimated that in the UK, five times more viable businesses in trading difficulties are rescued through examinership than in Ireland. This is bad in normal times but disastrous in the face of the Covid crisis.