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Article and Insights
What Does SCARP Mean For Landlords?
We consider the provision for terminating leases in the government's proposed summary rescue process for small companies (or SCARP) and what it mea...
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Article and Insights
The Companies (Corporate Enforcement Authority) Act 2021: Insolvency-Related Amendments
In this note, we review the insolvency-related amendments to the Companies Act 2014, introduced under the Companies (Corporate Enforcement Authorit...
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Article and Insights
The Aircraft Industry – The COVID-19 Squeeze
As the aviation industry struggles in these challenging times, Irish commercial aircraft leasing companies may also need to revisit their funding a...
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Article and Insights
Summary of the Measures Available to Support Businesses during COVID-19
There have been a number of measures introduced by the Irish government and state bodies to support businesses during the COVID-19 crisis, we have ...
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Article and Insights
SCARP Bill Passes Through Oireachtas
Companies (Rescue Process for Small and Micro Companies) Bill 2021 has successfully passed through the houses of the Oireachtas and will shortly be...
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Article and Insights
Petition to Appoint an Examiner to New Look Dismissed by the High Court
High Court considers the meaning of when a company is insolvent for the purposes of an examinership and exercises its discretion against the appoin...
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Article and Insights
No looking behind the Curtain – The Court of Appeal has confirmed that the Land Registry is conclusive evidence of title in repossession cases
In Tanager Designated Activity Company v Rolf Kane and Others IECA 352, the Court of Appeal has confirmed that a borrower cannot look behind the R...
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Article and Insights
Law in Motion Podcast Discusses the Irish Restructuring Toolkit with William Fry
Listen to Ruairi Rynn (Corporate Restructuring & Insolvency Partner) as he joins the Debtwire Europe podcast to discuss if Dublin's dream to become...
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Article and Insights
High Court Holds Provisional Liquidator Personally Liable for the Costs of the Official Liquidator and Revenue
High Court orders provisional liquidator to pay the costs of the official liquidator and Revenue, without having recourse to the assets of the comp...
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Article and Insights
Government Publishes Scheme for Dedicated Restructuring Framework for Small Companies
The Department of Enterprise, Trade and Employment has published the outline of proposed legislation for a dedicated rescue and restructuring frame...
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Article and Insights
COVID-19: Encouraging Remote Mediation as an Alternative to Litigation
Remote mediation ensures that disputes can still be resolved despite fewer court sittings.
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Article and Insights
Corporate Restructuring & Insolvency – Guidance for Directors During COVID-19 and Beyond
We consider the duties which directors of Irish companies need to be particularly conscious of given the significant challenges faced by many compa...
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Article and Insights
Commission Confirms Ireland’s Participation in Regulation Amending EIR Recast Annexes
The European Commission has adopted a Decision confirming Ireland's recognition of new insolvency processes from a number of other EU Member States...
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Article and Insights
SCARP Act Commenced
Companies (Rescue Process for Small and Micro Companies) Act 2021 has been commenced.
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Article and Insights
The Examinership of Norwegian Air – Key Features
Following the conclusion of the Norwegian Air examinership on 26 May we, having advised Kieran Wallace as examiner, reflect in detail on some of th...
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Article and Insights
Proving the Debt – Hearsay Rule Still Applies in Debt Claims
In this article we discuss a recent case that highlights the evidential difficulties for lenders in obtaining summary judgment against debtors and ...
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Article and Insights
COVID-19: Company Law Changes
The temporary changes would allow electronic shareholder/creditor meetings and an extended period of protection for companies in examinership durin...
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Article and Insights
ODCE Issues Guidance for Directors Affected by COVID-19 Pandemic
The ODCE has issued welcome guidance for directors concerned about restriction proceedings due to the COVID-19 pandemic
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Article and Insights
COVID-19: Temporary Wage Subsidy Scheme – Insolvency Considerations
There have been some recent welcome clarifications about certain provisions of the Government's temporary wage subsidy.
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Article and Insights
EU Court to Consider if an Irish Pension can be Exempted from a UK Bankruptcy Estate
A dispute regarding a €6 million Irish pension scheme in a personal bankruptcy was referred to the CJEU by the English High Court to determine whet...
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Article and Insights
Legal News – July
We aim to keep you up to date on legal developments that may affect you or your business. Here are some of our recently published website articles ...
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Article and Insights
Landmark Scheme of Arrangement to Restructure US$1.65bn of Senior Debt Sanctioned by the Irish High Court
William Fry recently advised Ballantyne Re plc, an Irish reinsurance SPV, on the approval and implementation of a landmark Irish law scheme of arra...
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Article and Insights
No Requirement to Issue New Demand Letter Following Transfer of Loan
Earlier this year the High Court held that there was no requirement for a new demand letter to be issued by a transferor to a borrower following th...
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Article and Insights
High Court Holds Liquidator Not Obliged to Present Contemporaneous Timesheets in Fees Application
High Court rules Official Liquidator does not need to produce time sheets in relation to work done and in-crease in charge out rate objectively jus...
