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 Confirms Examiner's Appointment Despite Secured Creditor Opposition

High Court confirms appointment of Examiner to the Regency Hotel business despite oppositions from the group's secured creditor


Personal Insolvency Arrangements: The Non-engaging Spouse and Secured Creditors

Recent High Court decision clarifies its jurisdiction on approval of insolvency arrangements where estranged husband had stopped contributing to joint debts


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


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

Department

  • Clients appreciate the depth of the practice, with one client praising its ability to "offer a wide range of service capabilities" with another commending "the extent to which the firm could draw on a variety of different specialisms as the need arises."
    Clients value the level of partner contact they have experienced, noting: "Their availability is something that is always appreciated." Chambers Europe 2017
  • William Fry’s ‘superb’ practice head Michael Quinn has been advising Ernst & Young on the administration of Nortel Networks. Legal 500 EMEA 2017
  • A long-established and well-respected firm, with experienced solicitors who have in-depth knowledge of legislation. Not only are the lawyers technically proficient, but they are also commercially minded in arriving at possible solutions. "The firm provides an excellent service, offering quality advice and strong leadership. The team is one of the most responsive of all the big firms." Chambers Europe 2016
  •  "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

  • Michael Quinn has significant experience working for liquidators, financial institutions and examiners in a diverse array of examinerships, liquidations and receiverships. He enjoys a strong reputation with both clients and peers, with sources noting that he has "a huge amount of experience." Chambers Europe 2017
  • Michael Quinn “is a very experienced lawyer and is very technically proficient”. IFLR 1000 2017
  • William Fry’s ‘superb’ practice head Michael Quinn. Legal 500 EMEA 
  • 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

Fergus Doorly

  • Clients consider Fergus to be "strategically and tactically very good" in corporate litigation. Chambers Europe 2017
  • "Fergus Doorly is a superb lawyer.  His advice is reasoned, considered and delivered in a calm reassuring way. He knows the court system and can anticipate problems well in advance,”  IFLR 100 2017
  • Market commentators state "He is really good at identifying pitfalls for the client and will suggest innovative, unprecedented and adventurous techniques. He gives strategic input by taking an objective viewpoint on whether or not a new approach might logically work, even if it has not been tried before." Chambers 2016 
  • 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

Key Contacts

Michael Quinn Partner

Fergus Doorly Partner

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