Minister Troy publishes General Scheme for Small and Micro Business Administrative Rescue Process
addresses the need for a simplified restructuring process for viable small companies that is timely and cost effective mirrors key elements of existing examinership framework in an administrative context process commenced without the need for Court approval Bill also gives permanent statutory footing for virtual AGMs Minister for Trade Promotion, Digital and Company Regulation, Robert Troy TD, today announced he has secured government approval for the priority drafting of the Companies (Small Company Administrative Rescue Process and Miscellaneous Provisions) Bill 2021. The Bill amends the Companies Act 2014 to provide for a new dedicated rescue process for small and micro companies.