Government measures in key jurisdictions 2nd edition final pages - Flipbook - Page 51
Ireland
•
Extensive supports for SME customers: banks are working to ensure that a wide range
of measures are made available to businesses who are trying to manage the financial
pressures arising from COVID-19. The measures include the provision of cash flow and
credit facilities as well as supply chain supports. The deferral of loan repayments for up
to six months will also be available to SMEs.
•
A customer focused approach: banks have committed to providing suitable tailored
supports for business including the extension of credit lines, risk guarantees and
trade finance.
These supports are intended to complement the range of government supports, including
the Irish Liquidity Scheme detailed above. For more information on the above measures,
please see our recent article, available here.
2
3
Employment
What financial
support is the
government
providing to
businesses and
to individuals
on employment
issues?
Insolvency
•
The Irish Government has provided clarity on the calculation of the subsidy and the
eligibility for the scheme of employees as the wage subsidy scheme enters into Phase 2.
See Revenue update here.
•
The government has issued a set of guidelines or protocols to enable people to return
to work. These are available here. Employers need to be aware that they will continue to
be bound by their usual obligations as regards the safety and health of their employees
(or other visitors to their premises).
•
The Workplace Relations Commission, which is the forum of first instance for most
employment law matters, has postponed all Adjudication Hearings, Conciliation
Meetings, Face-to-Face Mediations, and cancellation of on-site Inspections until after
Monday 18th May 2020. This date ties in with the Government’s “road map” and further
announcements are expected once the Government issues its next up-date on reopening measures.
•
Not directly.
•
Has the
government made
any changes
to insolvency
legislation?
There have, however, been some changes to legislation in other areas such as,
for example, landlord / tenant or employment law that will impact on insolvency
practitioners, particularly receivers and liquidators, during this emergency period.
Government measures in key jurisdictions
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