PCC may safeguard leased entitlements
However, this issue is still being negotiated with the EU Commission, with Ireland seeking increased flexibility for leased entitlements.
Answering a Dail question by Éamon Ó Cuív, TD, Mr Coveney said difficulty arises where lessors leased out their entire holding and entitlements in 2013 and consequently do not have an automatic “allocation right”. As a consequence, they will neither be eligible to receive entitlements in their own right, nor can they enter into a Private Contract Clause (PCC) to transfer entitlements to the lessee. The value of 100% leased entitlements would be lost to both lessor and lessee, but would remain in the overall fund for redistribution.
