Regina Doherty (Meath East, Fine Gael) | Oireachtas source

On the question of assets, the law is as it is today. I am ensuring that the law, if the UK becomes a third country, would not relate to employees. I do not want to be disrespectful to employers from the UK, but the only people I am concerned about are the employees, who would most likely be Irish resident employees of UK companies. The scheme currently does not pay out where there are assets. It only kicks in where there are no assets. Other legislation relates to the governance of the particular issues the Senator mentioned. The current legislation governing insolvency arrangement is with the Department of Business, Enterprise and Innovation.