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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 7 December 2021 - onwards
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558K. Process adviser to give notice to employees, creditors, etc.

(1) This section applies where a process adviser is appointed in respect of an eligible company by virtue of the passing of a resolution referred to in section 558E(2).

(2) The process adviser shall, as soon as practicable and in any event no later than 5 days after the passing of the resolution, give to the persons specified in subsection (3) -

(a) a notice in the prescribed form setting out -

(i) the fact of his or her appointment as process adviser and the date of the passing of the resolution in respect of same,

(ii) any payments that the process adviser considers are required to be made in order for the eligible company to continue trading,

(iii) the fact that any liabilities arising after the appointment of the process adviser that are properly incurred by the process adviser under this Part shall be paid in full, and

(iv) the determination made under section 558H(2) as to whether any proceedings shall be brought in the Circuit Court or the High Court, as the case may be,

(b) in

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