- drafting of Companies (Small Company Administrative Rescue Process and Miscellaneous Provisions) Bill 2021 commenced
- Small Company Administrative Rescue Process (SCARP) will be a simplified restructuring process for viable small companies that is timely and cost effective
- SCARP caters for the issue of onerous contracts
- debts owed to the State are addressed by SCARP
Minister for Trade Promotion, Digital and Company Regulation, Robert Troy TD, today announced the publication of further information on 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.
Concerning the publ…
Read the full article at: https://www.gov.ie/en/press-release/60d55-minister-troy-welcomes-publication-of-further-information-on-small-company-administrative-rescue-process/
