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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.

Ireland, Insolvency & Restructuring, Litigation, Addleshaw Goddard LLP, Insolvency
Adjudication and insolvency: are the two compatible?
  • The Court of Appeal has given guidance to insolvent companies about whether to commence an adjudication.
  • There is an important distinction to be drawn between a company in a CVA and one in liquidation.
  • Parties need to be careful when making general reservations to an adjudicator's jurisdiction.

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United Kingdom, Construction, Insolvency & Restructuring, Litigation, Addleshaw Goddard LLP