The streamlining of the Schemes of Arrangement (Schemes) process under the Companies Act 2014 (CA 2014) provides an option for corporate restructuring and recovery, which may not have been feasible for some companies or corporate groups in the past
Most companies now hold large volumes of personal data – it is almost inevitable due to the interplay between technology and business
Since the beginning of the COVID-19 crisis, concerns have been raised by directors and bodies representing directors regarding potential liabilities directors may face by allowing businesses to continue to trade where there is a risk of insolvency
The sometimes controversial Examinership process, established in 1990, remains a very important tool for Irish companies with viable businesses that find themselves in financial difficulties
The existence of directors’ and officers’ insurance cover does not absolve directors of their responsibilities
As part of our series of articles on restructuring options available for Irish companies in light of economic pressures caused by the COVID-19 pandemic, this article focuses on domestic mergers and divisions under Irish law, the possible advantages it might give for your business, and an outline of the steps involved
As the novel coronavirus COVID-19 continues to disrupt economic activity in Ireland businesses are reviewing their corporate structures and funding arrangements to deal with the crisis
The current COVID-19 pandemic has resulted in potentially severe economic consequences being faced by many businesses
Some businesses may soon (and indeed already) be faced with sudden cash flow and liquidity issues as a result of the sudden economic disruption caused by the COVID-19 pandemic
We regularly publish useful content on a wide range of legal and business topics. Please click the button below if you would like to receive these by email.
Subscribe