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Article and Insights
Ireland approves opt in to technical amendments to the European Insolvency Regulation Annexes
The Houses of the Oireachtas have approved Ireland's opt-in to a regulation amending the Annexes to the European Insolvency Regulation. The amendi...
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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
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
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
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
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
Central Bank Publishes Consultation Paper on Pre-Emptive Recovery Planning for (Re)Insurers
The CBI's consultation paper contains proposals for regulations and guidelines on pre-emptive recovery plans.
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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
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
Impacts of COVID-19 for Borrowers/Lenders
With COVID-19 resulting in business interruptions for many companies and market volatility, borrowers and lenders need to consider the capacity and...
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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
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
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...
