Menu
19/07/2002
Minister announces review of NI company law
Sir Reg Empey, Minister for Enterprise, Trade and Investment has announced a review of Northern Ireland company law.
The Minister's said that his department would proceed with the development, which follows a review of company law carried out in Great Britain, with the aim of "reducing the burdens on business, particularly small companies, by developing a modern regulatory framework that promotes fairness and sustainability".
Sir Reg added: "It is vitally important that our companies have the right environment within which to operate as Northern Ireland works to become a modern economy.
“My Department is currently developing proposals which will go out for public consultation later this year. I will be discussing the terms of reference of the review with the members of the ETI Committee.
"In essence the current legislation is not focused on small, private companies which make up the majority of firms in Northern Ireland. The ethos of this review is to simplify the legislation and to reduce duplication and unnecessary burdens on companies."
(MB)
The Minister's said that his department would proceed with the development, which follows a review of company law carried out in Great Britain, with the aim of "reducing the burdens on business, particularly small companies, by developing a modern regulatory framework that promotes fairness and sustainability".
Sir Reg added: "It is vitally important that our companies have the right environment within which to operate as Northern Ireland works to become a modern economy.
“My Department is currently developing proposals which will go out for public consultation later this year. I will be discussing the terms of reference of the review with the members of the ETI Committee.
"In essence the current legislation is not focused on small, private companies which make up the majority of firms in Northern Ireland. The ethos of this review is to simplify the legislation and to reduce duplication and unnecessary burdens on companies."
(MB)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
22 March 2024
Northern Ireland's Best Areas For Broadband Revealed
West Belfast has been named the Northern Ireland area with the best broadband, according to a new study. The experts at Getac – Rugged Computing Solutions analysed data from Ofcom Connected Nations 2023 to reveal the spots with the best broadband.
Northern Ireland's Best Areas For Broadband Revealed
West Belfast has been named the Northern Ireland area with the best broadband, according to a new study. The experts at Getac – Rugged Computing Solutions analysed data from Ofcom Connected Nations 2023 to reveal the spots with the best broadband.
11 November 2010
Firms Win InterTradeIreland Competition
Two NI firms have excelled in what is the largest business competition on the island of Ireland - Seedcorn 2010. Run by InterTradeIreland, the organisation that supports small and medium-sized businesses across Ireland for better North/South trade and business development, it offers a total prize fund of €280,000.
Firms Win InterTradeIreland Competition
Two NI firms have excelled in what is the largest business competition on the island of Ireland - Seedcorn 2010. Run by InterTradeIreland, the organisation that supports small and medium-sized businesses across Ireland for better North/South trade and business development, it offers a total prize fund of €280,000.
22 November 2010
Agree NI Budget Now, Says Paterson
Members of Chambers of Commerce and other NI business leaders have told Secretary of State, Owen Paterson, that it is time a budget based on the UK spending review settlement is agreed quickly by the Stormont Executive - and Mr Paterson is in full agreement.
Agree NI Budget Now, Says Paterson
Members of Chambers of Commerce and other NI business leaders have told Secretary of State, Owen Paterson, that it is time a budget based on the UK spending review settlement is agreed quickly by the Stormont Executive - and Mr Paterson is in full agreement.
08 September 2010
Robinson And McGuinness Open £93m Coca-Cola Plant
The new £93million Coca-Cola HBC Northern Ireland manufacturing plant was officially opened in Lisburn today. Coca-Cola HBC Northern Ireland is part of the Coca-Cola Hellenic Bottling Company, the world’s largest producer of Coca-Cola branded beverages with a presence in 28 countries, employing 45,000 people and serving 560 million consumers.
Robinson And McGuinness Open £93m Coca-Cola Plant
The new £93million Coca-Cola HBC Northern Ireland manufacturing plant was officially opened in Lisburn today. Coca-Cola HBC Northern Ireland is part of the Coca-Cola Hellenic Bottling Company, the world’s largest producer of Coca-Cola branded beverages with a presence in 28 countries, employing 45,000 people and serving 560 million consumers.
20 February 2024
Seven Business Ideas To Start In NI
If you take a moment to look up the top business opportunities in Northern Ireland on a search engine such as Google, you'll be greeted with more than a million hits. With so many experts suggesting various options, it's easy to feel overwhelmed when deciding which opportunity to pursue.
Seven Business Ideas To Start In NI
If you take a moment to look up the top business opportunities in Northern Ireland on a search engine such as Google, you'll be greeted with more than a million hits. With so many experts suggesting various options, it's easy to feel overwhelmed when deciding which opportunity to pursue.
-
Northern Ireland WeatherThis Evening and Tonight:Remaining rather cloudy. The afternoon showers in the west ease during the late evening, before building again overnight. Some clearer spells for a time in the east before cloud builds around dawn. Light winds. Minimum temperature 8 °C.
