Rescue Process for Small and Micro Companies Commenced

We are delighted to see that yesterday 7 December 2021, the Companies (Rescue Process for Small and Micro Companies) Act 2021 was commenced. The process is designed to make rescue more accessible and affordable to small/micro companies that are in distress but fundamentally viable. The Department of Enterprise, Trade & Employment has launched a dedicated web page in relation to the process.

Filed under:
Ireland, Insolvency & Restructuring, Eugene F Collins
Authors:
Deborah Kelly , Doug Smith
Location:
Ireland
Firm:
Eugene F Collins
Small Business Rescue

General Scheme of Companies (Small Company Administrative Rescue Process and Miscellaneous Provisions) Bill 2021 (“SCARP”) just published

Filed under:
Ireland, Company & Commercial, Insolvency & Restructuring, Eugene F Collins
Authors:
Doug Smith , Deborah Kelly
Location:
Ireland
Firm:
Eugene F Collins
Key Updates to Irish Insolvency Principles Now Effective

The Employment (Collective Redundancies and Miscellaneous Provisions) and Companies (Amendment) Act 2024 ("the 2024 Act") introduces some changes to the statutory insolvency regime in Ireland. The relevant provisions of the 2024 Act came into effect earlier this month on 1 July 2024.

Filed under:
Ireland, Insolvency & Restructuring, Litigation, Addleshaw Goddard LLP, Insolvency
Authors:
Craig Sowman , Doug Smith
Location:
Ireland
Firm:
Addleshaw Goddard LLP