The Irish Small & Medium Enterprise Association (ISME) has joined the call for the Government to publish the advice from the Attorney General on the issue of Upward-Only Rent Reviews (UORR).
"As we know the Government promised left, right and centre to abolish the UORR in the run up to the last election. […] Then, when in power, they collectively ran for cover behind the Attorney General’s skirts and reneged on the promise," ISME said in a statement.
The representative group called for Justice Minister Frances Fitzgerald to "heed senior counsel, heed the SME owners, both still in business and those with closed businesses and come out from behind mammy’s skirt, take Senator Feargal Quinn’s Bill and have it passed by the Dáil without further delay."
ISME's call follows the recommendation from the National Competitiveness Council for the publication, 'in the interests of transparency', of the AG's recommendations on UORR abolition.
Last week, Retail Excellence Ireland said that the publication of the AG's advice would "help inform the debate and enable all sides to understand why the Government reneged on its commitments".
“Too many retailers employing too many staff are being crucified by the legacy of UORR on leases some of which last for 20-25 years and are tied to personal guarantees," said David Fitzsimons, Retail Excellence Ireland chief executive. "Following a review of the determination, there could be scope for better informed decisions on how this toxic legacy of the Celtic Tiger can finally be put to bed.”
© 2014 - Checkout Magazine by Stephen Wynne-Jones
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