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A procedure unique to Ireland, examinership is a rescue process designed to help businesses recover from insolvency.
The appointment of an examiner is an option that has been available to companies in Ireland since 1990.
Examinership was introduced to enable insolvent companies explore all opportunities for their survival in an inclusive process that involves the appointment of an examiner (usually a practicing accountant) to shepherd the company through a breathing-space restructuring period of up to 100 days.
"It is clear that the principal focus of the legislation is to enable in an appropriate case, an enterprise to continue in existence for the benefit of the economy as a whole and, of equal, or indeed greater, importance to enable as many as possible of the jobs which may be at stake in such enterprise to be maintained for the benefit of the community in which the relevant employment is located. It is important both for the court and, indeed, for examiners, to keep in mind that such is the focus of the legislation".
Justice Clarke, Re Traffic Group Ltd (2008)
Does anyone know how TBMC/Button Factory got set up originally? I heard stories that they secured the building in a strange manner. I could be wrong here, but it would be a good story for a documentary on the venue in general.
If you can get the full version of this documentary, its sorta explained within.Does anyone know how TBMC/Button Factory got set up originally? I heard stories that they secured the building in a strange manner. I could be wrong here, but it would be a good story for a documentary on the venue in general.
The company 'Temple Lane Management Ltd' trading as the ' Button Factory' is in an Examinership process.
Examinership does not affect any gigs, club nights or promoters. It is business as usual. Examinership simply means we have a period of 90 days to make arrangements to safeguard the viability of the business and make the business stronger for the years to come.
Hope they can pull through this.
Drive-by truckers will still be coming over though, right?
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