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Article and Insights
Data for Sale: Can Insolvent Companies Realise the Value of Corporate Data?
Spirit Airlines' proposed US$10m data sale asks whether business data can be realised for creditors while remaining compliant.
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Article and Insights
International Restructuring through Ireland – Examinership
A guide to how international companies can use Ireland’s Examinership process to achieve complex cross-border restructurings.
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Article and Insights
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Article and Insights
Insolvency Law Harmonised: Ireland on Notice
The new EU Insolvency Harmonisation Directive introduces baseline insolvency standards across Member States in five key areas
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Article and Insights
Legal News – February 26
A selection of our most recent publications from the past month.
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Article and Insights
Arbitration vs Insolvency: Irish Courts Align with Sian Participation
The Irish High Court confirms that arbitration clauses do not block winding-up petitions absent a genuine dispute on the debt.
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Article and Insights
Motor Insurance Insolvency Compensation Act 2024 Takes Effect
Motor Insurance Insolvency Compensation Act 2024 takes effect in Irish law.
Senior Associate
Catherine Carrigy
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Article and Insights
Insolvency Reforms Under Amended Companies Act
Insolvency reforms introduced under the Companies (Corporate Governance, Enforcement and Regulatory Provisions) Act 2024.
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Article and Insights
Legal News – November 24
Here is a selection of recent podcasts and publications contained in our November 2024 edition of Legal News.
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Article and Insights
When Arbitration Meets Insolvency: Navigating the Legal Crossroads
Privy Council decision on arbitration agreements in insolvency cases.
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Article and Insights
Collective Redundancies on Insolvency: Irish Employee Rights Bolstered
New legislation seeks to further protect employees' rights in a collective redundancy situation following insolvency.
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Article and Insights
Additional Rights to Information for Employees of Insolvent Companies
New legislation seeks to further strengthen employees' right to information in the liquidation process.
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Article and Insights
Changes to the Realisation of Assets of Companies in Liquidation
Changes to Companies Act introduced under new legislation on the realisation of assets of companies in liquidation.
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Article and Insights
Borrower’s Undertaking Creates Equitable Assignment of Investment Proceeds
An application recently came before the High Court to decide whether NALM, or the trustees in bankruptcy of property developer Bernard McNamara, we...
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Article and Insights
William Fry Insolvency Review Part 1
The William Fry Insolvency Review 2017, which will be issued in two parts, discusses some of the key developments in insolvency law during 2017.
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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
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
New Court Rules to Facilitate Operation of SCARP
New rules of court to facilitate the operation of the rescue process for small and micro companies (SCARP) came into operation on 9 May 2022. The ...
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Article and Insights
Money, it’s a gas
In this article we provide a round-up of cases in the last year dealing with the important issue of the costs of litigation.
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Article and Insights
Liquidator’s Actions Amounted to Negligence
High Court refuses liquidator's application and holds liquidator personally liable for costs as his actions were negligent and breached the duty of...
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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
Judgment Mortgages: Can you Sever a Joint Tenancy?
This article discusses the recent High Court case examining the effect of the registration of a judgment mortgage against the interests of joint te...
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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
Further Extension of Interim Period Under Companies Act
The government has approved the further extension of the interim period of the Companies (Miscellaneous Provisions) (Covid-19) Act 2020 to 31 Decem...
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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
Court of Appeal Reduces Liquidator’s Fees in Respect of Six-year Liquidation which were Deemed “Neither Reasonable nor Necessary”
Earlier this year the Court of Appeal reduced a bill of €1.8 million in respect of the fees of a Liquidator on the basis that certain fees were "ne...
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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
A New Look at the Landlord and Tenant Relationship
Video: New Look Retailers (Ireland) Limited's application to appoint an Examiner is refused due to lack of negotiation with the Landlords.
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Article and Insights
High Court Case Brings into Sharp Focus the Difference Between Disqualification and Restriction Orders
High Court exercises discretion in choosing to grant restriction order in respect of company directors as opposed to disqualification. Mr Justice Q...
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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
Legal News – October 2022
Welcome to the October 2022 edition of Legal News, a selection of our recent publications on subjects that may affect you or your business.
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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
High Court Refuses Winding Up Petition against Company for Unpaid Rent
The High Court recently refused a winding up petition brought against a company by its landlord for unpaid rent. The High Court found that a bona f...
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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
Legal News – November 2020
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
Spring Pensions Briefing
In our Spring Pensions Briefing, our team consider the likely implications of the McCloud and Bauer cases on the Irish pensions regime, and provide...
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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
Publication of New Capital Markets Union Action Plan
The European Commission's recent publication of its “new, ambitious” Capital Markets Union Action Plan is welcome news for the Irish insurance sector.
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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
Justice delayed, lis pendens denied
Irish High Court vacates a lis pendens on application by receiver due to delay on the part of the Plaintiff.
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Article and Insights
High Court Considers what an Interim Examiner may do before his Appointment is Confirmed
A recent decision of the High Court has provided guidance on what an Interim Examiner can do before his/her appointment is confirmed by the High Co...
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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...
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Article and Insights
William Fry Insolvency Review 2017
The William Fry Insolvency Review 2017, which will be issued in two parts, discusses some of the key developments in insolvency law during 2017.
