Corporate Restructuring & Insolvency

Our Insolvency & Corporate Recovery Group provides a comprehensive service on all aspects of insolvency, corporate recovery and personal bankruptcy.  The team is involved in many of Ireland’s recent high profile insolvencies.

Our specialist team advises leading Irish and International Insolvency practitioners (liquidators, receivers, examiners, administrators and trustees) financial institutions, investors, creditors, directors and shareholders in restructuring or business termination events. We use our experience to design and implement innovative commercial solutions in this complex field.

While we act in all sectors we have specific experience in aviation, manufacturing, retail, financial services, technology and property-based businesses. We also have particular expertise in the conduct of complex insolvency assignments with cross-border dimensions.

Our recent experience includes advising:

  • Kieran Wallace, KPMG as share receiver over the Quinn Group of companies.
  • Ernst and Young as the Joint Administrators of Nortel Networks (Ireland) Limited as part of the worldwide restructuring of the Nortel Group.
  • The very high profile Quinn International Property Group (under new management) on the retrieval of its international property portfolio including significant assets in Ireland, England, The Czech Republic, Russia, Ukraine and India.
  • NAMA and the receivers appointed by it over a number of its largest debtor connections, including the Treasury Holdings Group, John Ronan and Paddy Kelly.
  • Waterford Wedgwood Group in its restructuring process.
  • The new directors of former Lehman Bros subsidiaries in Ireland on the ongoing operation and restructuring of their domestic mortgage book.
  • The liquidator of Swissair Group.

Court of Appeal Reverses Ruling that Directors Personally Liable for Debts Arising from Reckless Trading

The Court of Appeal has overturned a High Court ruling, which found a company's directors personally liable for debts arising from reckless trading, on the grounds that the loss suffered was unforeseeable and accordingly the conduct could not be deemed reckless trading


Concussion in Rugby Union Has Entered the Legal Field of Play

With the initiation of negligence proceedings arising from concussive injury in professional rugby union, we consider the basic legal principles for negligence in sports injuries


Payments to Director of Insolvent Company Not Fraudulent Preference

The High Court has refused a declaration sought by a Liquidator that salary payments constituted fraudulent preference


High Court Directs Sale by Receiver Confirming Third Party Has No Locus Standi to Object

The High Court has held that a third party objector had no locus standi to challenge the actions of the receiver, as he was not a creditor of the company


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We are consistently ranked as one of the leading Insolvency and Corporate Recovery law firms in Ireland.

Department

"Very good at assessing the risks in cases, telling you about pitfalls and weak points early on to flag them up. The client service is also very good, particularly the turnaround times and proactive approach." 
Chambers Europe, 2015 - Restructuring and Insolvency

 

William Fry recently advised the liquidator of Hibernation Therapeutics. Practice head Michael Quinn is ‘a true specialist’, Barry Cahir ‘quickly sums up complex matters’, and Fergus Doorly is also recommended.
Legal 500 EMEA, 2015 - Insolvency and Corporate Restructuring

 

"Offers comprehensive expertise in insolvency, corporate recovery and restructuring work. Has impressive ability on high-level and complex mandates." "This firm has great depth and experience."
Chambers Europe, 2014 - Insolvency and Corporate Restructuring
 

Michael Quinn heads up the insolvency and corporate recovery group at William Fry, which provides ‘well-thought-through advice’.
Legal 500 EMEA, 2014 - Insolvency and Corporate Restructuring

 

Sources say: “Extremely diligent, flexible and pragmatic.”
Chambers Europe, 2013 - Restructuring/Insolvency

 

William Fry is ‘a compelling choice for more complex cases’. The team has ‘a deep understanding of insolvency law and the practicalities facing insolvency practitioners'.
Legal 500 EMEA, 2013 - Insolvency & Corporate Restructuring

 

Team

Michael Quinn
Market commentators consider department head Michael Quinn one of Ireland's leading insolvency lawyers, noting his long experience and technical excellence, adding: "He really knows what he is doing - there is very little in the insolvency world that he hasn't dealt with."
Chambers Global, 2015 - Restructuring/Insolvency

Michael Quinn is ‘a true specialist'.
Legal 500 EMEA, 2015 - Insolvency and Corporate Restructuring

 

Department head Michael Quinn has huge experience in restructuring and insolvency work, with clients saying: "His depth of experience is incredible." They add that he is "a great negotiator and strong in the high-profile mediation and litigation cases."
Chambers Global, 2014 - Restructuring/Insolvency

Michael Quinn provides ‘well-thought-through advice’.
Legal 500, EMEA 2014 - Insolvency and Corporate Restructuring

‘Veteran insolvency lawyer’ Michael Quinn heads the practice.
Legal 500 EMEA, 2013 - Insolvency & Corporate Restructuring

 

Department head Michael Quinn is highly valued by clients, who describe him as “a leading insolvency expert. He is experienced, flexible and determined.”
Chambers Global, 2013 - Restructuring/Insolvency

 

Michael Quinn is "technically knowledgeable and very practical".
Legal 500 EMEA, 2012 - Insolvency & Corporate Recovery

 

"Michael Quinn is held in high regard by commentators, who highlight his strength in receivership."
Chambers Global, 2012 - Restructuring/Insolvency

 

Barry Cahir
Barry Cahir is highly regarded in the restructuring and insolvency market, especially on the contentious aspects of cases.
Chambers Global, 2015 - Restructuring/Insolvency

 

Barry Cahir ‘quickly sums up complex matters’.
Legal 500 EMEA, 2015 - Insolvency and Corporate Restructuring

 
Barry Cahir is described by one client as "very experienced, strong in high-pressure situations and very balanced."
Chambers Global, 2014 - Restructuring/Insolvency

Barry Cahir is regarded as an “excellent practitioner – a really high-calibre lawyer.”
Chambers Global, 2013 - Restructuring/Insolvency

 

"Barry Cahir is considered to be an accomplished insolvency partner."
Chambers Global, 2012 - Restructuring/Insolvency

 

Fergus Doorly
Fergus Doorly is praised for his "sensible and down-to-earth approach" to restructuring and insolvency matters.
Chambers Global, 2015 - Restructuring/Insolvency

Fergus Doorly is valued for his strong advice and skill in contentious matters. Clients note: "He understands the process and can deal with the other side to get things knocked along fast and efficiently." He recently led the team assisting B&Q Ireland with its restructuring through examinership.
Chambers Global, 2014 - Restructuring/Insolvency

Insolvency litigator Fergus Doorly is praised for his ‘calm analysis and tactical clarity’.
Legal 500 EMEA, 2014 - Insolvency and Corporate Restructuring

Fergus Doorly is "technically knowledgeable and very practical".
Legal 500 EMEA, 2012 - Insolvency & Corporate Recovery

 

Fergus Doorly is praised as a "superb tactician". 
Legal 500 EMEA, 2011 - Insolvency & Corporate Restructuring

Key Contacts

Michael Quinn Partner

Fergus Doorly Partner

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