Ireland is the only English-speaking jurisdiction whose corporate rescue processes are automatically recognised and enforceable across the EU.

Examinership offers a worldwide moratorium on creditor enforcement, a low creditor approval threshold, cross-class cram down of debt and no requirement for Irish COMI, making it a powerful tool for international corporate groups and non-Irish incorporated companies to complement complex, cross-border restructuring.

This guide sets out how Examinership works, how non-Irish companies can avail of it, and looks at how it has been used in major multi-jurisdictional restructurings including Norwegian Air (US$7.4 billion), Mallinckrodt plc (US$6 billion and US$1.9 billion) and Weatherford (US$8.35 billion). It also includes a comparison table setting Examinership against the UK Restructuring Plan and US Chapter 11.

If you would like to discuss any of the topics covered, please do not hesitate to get in touch with a member of our Restructuring & Insolvency team.

Download the full briefing below.