The EU’s long-awaited directive to harmonise insolvency laws has finally been published. Member States have until 22 January 2029 to amend their laws as may be necessary. Our Restructuring & Insolvency team explores why the directive will result in some significant changes to Irish law.

What you need to know

In what was deemed an “unprecedented” application, the High Court recently refused to confirm the appointment of an interim examiner to a special purpose vehicle incorporated to develop commercial property. The Court determined that the company was not the “type of company for which examinership was designed”. The decision highlights some of the factors that the Court will consider when exercising its discretion to confirm the appointment of an examiner.