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.

High Court Clarifies Bank to Have Actual Notice of Winding-up to Avoid Repayment of Transfers Made Subsequent to Winding-up

In a decision likely to please account banks, the High Court held that a third party must have actual notice of the winding-up of a company before it can be liable for any disposition of that company's property subsequent to its winding-up


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’ 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

  • Group head Michael Quinn has many years of experience in this field and is "very commercially minded and solution-driven. He will steer you away from lengthy legal proceedings if at all possible." Chambers Global 2016
  • 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

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." 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

Key Contacts

Michael Quinn Partner

Fergus Doorly Partner

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