Ireland

Results for Ireland

Debt Judgments Against Businesses Down 8% Last Year

Debt judgments registered against businesses in Ireland fell by 8 per cent in 2015, the fourth consecutive year in which there has been a decline, the Irish Times reported. New figures compiled by the non-profit organisation Registry Trust shows ther ...

Daily Headline - global.abi.org - 02/07/2016 - 19:52 - 0 comments

Kenmare Defaults On Debt, In Ongoing Talks With Lenders

Irish titanium and zircon miner Kenmare Resources has defaulted on its debts after failing to reach agreement with lenders on a new deleveraging plan by an agreed deadline of January 31st. The explorer said however, negotiations with banks on a deal are ...

Daily Headline - global.abi.org - 02/01/2016 - 20:10 - 0 comments

Nama Plans ‘Illegal State Aid’, Say Builders

The builders challenging plans of the National Asset Management Agency (Nama) to construct 20,000 homes have broadened their complaint to include the body’s involvement in commercial development, the Irish Times reported. Five builders have complaine ...

Daily Headline - global.abi.org - 02/01/2016 - 20:12 - 0 comments

Article from INSOL Europe (Week 11 - 17 January 2016) GlobalINSOLvency Editorial Board

At long last, the much awaited Companies Act 2014, the largest reform of company law in Ireland in over 50 years, has come into force. The Companies Act 2014 (“the Act”) was signed into law by the President of Ireland on 23 December 2014 and entered into ...

Resource Article - twallace@abiwor... - 02/01/2016 - 10:21 - 0 comments - 1 attachment

Report Faults E.C.B. in Irish Banking Collapse

The European Central Bank placed an “inappropriate” debt burden on Irish citizens in 2010 when it refused to force bond investors to share losses from troubled banks, a parliamentary committee report on the country’s banking collapse said on Wednesday. T ...

Daily Headline - global.abi.org - 01/27/2016 - 20:48 - 0 comments

Xtra-vision Killed By Christmas Sales Collapse, Court Told

Weak trading in the run-up to Christmas, when sales collapsed by a quarter compared to December 2014, spurred the decision yesterday by Hilco Capital to place Xtra-vision into provisional liquidation with the loss of 580 jobs, the Irish Times reporte ...

Daily Headline - global.abi.org - 01/27/2016 - 20:48 - 0 comments

70% Increase In Permanent Insolvency Service Solutions

There was a 70% increase in the number of permanent solutions agreed through the Insolvency Service of Ireland last year, RTÉ.ie reported. The ISI said the recent removal of the banks' veto over proposed arrangements involving debtors' homes ha ...

Daily Headline - global.abi.org - 01/20/2016 - 22:06 - 0 comments

Petroceltic Given Lifeline As Bank Waiver Extended Again

Troubled oil and gas company Petroceltic has confirmed it has been given more breathing by its banks today as it continues its search for a buyer, the Irish Times reported. The publicly quoted exploration company is in breach of its senior bank facil ...

Daily Headline - global.abi.org - 01/18/2016 - 22:48 - 0 comments

Rival Firms Challenge Ruling They Must Cover Setanta Insurance Claims

An appeal by the Motor Insurance Bureau of Ireland (MIBI) against a High Court ruling that it must pay out on outstanding claims following the collapse of the Setanta Insurance Company in 2014 has opened before the Court of Appeal, the Irish Times re ...

Daily Headline - global.abi.org - 01/12/2016 - 23:52 - 0 comments

Revenue Secures 27 Criminal Convictions For Tax Evasion

The Revenue Commissioners secured 27 criminal convictions for serious tax evasion and fraud in 2015, according to figures released Thursday, the Irish Times reported. Those prosecutions were on top of 2,063 summary convictions, or lesser charges, for ...

Daily Headline - global.abi.org - 01/07/2016 - 22:19 - 0 comments

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