 In most schemes of arrangement an investor will invest in the company and part of the money invested will be used to pay a dividend to each class of creditors.The principal rationale underlying the concept of examinership is to allow a company that is experiencing financial difficulties a period of protection from creditor action during which a third party (the examiner) has an opportunity to examine the affairs of the company and, if there is a reasonable prospect of the survival of the company and all or part of its undertaking as a going concern, to formulate proposals for a scheme of arrangement to facilitate such a survival.The law relating to examinerships has its origins in the Companies (Amendment) Act 1990 which was passed by the Oireachtas at a time when the Goodman Group of companies appeared to be in danger of going out of business
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