HSI examinership 'regrettable' but 'in the best interests of the company', says Minister

Horse Sport Ireland, the governing body for equestrian sport in Ireland, entered examinership on Monday

Horse Sport Ireland is primarily funded by the Department of Agriculture, Food and the Marine and Sport Ireland. Pic: Stephen McCarthy/Sportsfile

Minister for Agriculture, Food and the Marine, Martin Heydon, said that he expects studbook services and breeding programmes provided by Horse Sport Ireland will continue through the organisation's examinership process. 

HSI, the governing body for equestrian sport in Ireland, was on Monday given the protection of the High Court with chartered accountant Joseph Walsh appointed interim examiner. Examinership is a court-supervised rescue process for an insolvent but possibly viable company. It protects the company from creditors while an independent examiner attempts to create a survival plan.