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Amendments to the Companies Act in relation to Notification Requirements for Employees and provisions designed to increase the pool of assets available to creditors in liquidation

Introduction

On 9 May 2024, the Oireachtas enacted the Employment (Collective Redundancies and Miscellaneous Provisions) and Companies (Amendment) Act 2024 (“the Act”). Part 4 of this Act amends certain provisions of the 2014 Companies Act.

Notification Obligations

The Act inserts new subsections under sections 571, 573, and 594 of the Act of 2014 for the notification of relevant parties. This means that:

Ireland, Insolvency & Restructuring, Litigation, ByrneWallace LLP