Take over Clerys building?

I was reading recently on a Spanish newspaper, that the rich in Spain have become much richer since the big bang of 2008. It sort of mirrors what has happened in Ireland and maybe other countries that have crashed? If you depend on the state for anything you are probably screwed.

I am not saying it was a big evil scheme orchestrated by the bad rich people but the laws, or lack of laws for the mobile and wealthy, are at least contributing to this kind of rip off we have seen at Clery's. If you are wealthy enough or a big company, paying tax is now optional.

The government and Enda are ringing their hands and putting on their serious and sad faces and muttering "down with this sort of thing" whilst doing feck all to stop it. They don't give a sh1t. All they care about is getting wealthy and re-elected.

What have they done with Moriarty tribunal's finding? If Lowry held the balance of power in a hung dail would he be welcome into Enda's arms? We are a nation of "cute hoors"

Life's a big pile of manure unless you are in the circle or very wealthy.

How to fix it?

If life became very hard for the politicians then they would probably do something. How exactly to do this may not be as easy done as said.

One thing for sure we are gona see a pile of pseudo-caring til the votes are cast in the next general election.

BoatMad wrote: »

There are several provisions in irish company law , that prevent the " Phoenix " syndrome. To restructure a company so that a major asset was moved out , would require that the operating company was Independently solvent at the time. I believe it was

Once a company is liquidated or about to be liquidated , directors cannot be seen to favour repaying any one creditor over another.( or ex-gratuity payments to employees ) After liquidation it's the liquidators role to then establish priority of creditors and this would include the concessionaires legal status.

The staff were entitled to more notice however or to paid fir that notice , so they'll get a bit more then statutory. The government actually pays 60% of the statutory costs.

Ultimately you cannot make a company that has no money pay .

There nothing dodgy about it at all. In fact the parties have applied the letter of company law. Many many companies have sold and leased back their own buildings. It's a very standard approach.

Maybe that is the problem, "Its all legal and standard".

BoatMad wrote: »

You'd like clerys to act illegally !!!

I'm saying some of our laws need to change.

BoatMad wrote: »

you cannot make a company that has huge losses , suddenly find money to pay staff above an beyond statutory amounts. That amounts to beneficial creditor situations, i mean shouldn't the sole trader supplying stock on credit be treated equally as other creditors including staff.

Look I aint an expert on company law, but it was the way this company was split up, if you don't see a problem then it just mean we look at things very differently. There is a building worth millions that had been separated so that when the shop later closed there could be no call on the building. That is the way I see it.

SummerRebel wrote: »

Yeah it's a bit ridiculous. What's the point in an employer paying 10.75% ER PRSI when they get nothing in return.

PRSI is for old age pension, Jobseekers benefit, illness benefit and more. Employers in this country pay very little PRSI in comparison to other EU countries.

Egginacup wrote: »

This is capitalism. FCUK em and their kids.

This makes perfect sense to me. Anyone who lives in this country would have no problem understanding this.

BoatMad wrote: »

Im self employed, I pay near A1 rates, and I get nothing or virtually nothing in return, not sick opay, redundancy, etc etc

its just a tax

That's it so, "its just a tax"!