In McAteer & anor v McBrien & ors [2016] IEHC 229, the High Court made an order restricting three directors pursuant to Section 150 of the Companies Act 1990 (now Section 819 of the Companies Act 2014).  The first named respondent (A) was the husband of the second named respondent (B) and father of the third named respondent (C) and all were directors of the Company on the date of the liquidation.

Background

The High Court (Binchy J), has recently made restriction orders in respect of directors in two separate applications before it.

In Murphy -v- O'Flynn & anor [2016] IEHC 197 a liquidator sought an order from the Court restricting William and Deirdre O’Flynn from acting as directors pursuant to Section 150 of the Companies Act 1990.

Applicable Law 

En los años de mayor crisis económica se dispararon las compraventas de unidades productivas autónomas en el marco de procedimientos concursales. La Ley Concursal regulaba estas compraventas permitiendo a los adjudicatarios reflotar un negocio minorando las cargas acumuladas hasta el momento del concurso.Uno de los debates en estas situaciones es el alcance de la responsabilidad de la empresa adjudicataria sobre las obligaciones laborales de los trabajadores afectos a la unidad productiva autónoma.

Freeman V Bank of Scotland plc, Simon Davidson and Lloyd Daly & Associates Ltd [2016] IESC 14

This Supreme Court decision is as a result of an appeal from a judgment of McGovern J in the High Court which was delivered on 29^th May 2014.

Background

In Delaney v AIB [2016] IECA 5, Court of Appeal, Peart J, 28 January 2016 the Court of Appeal held that a bank had no duty of care to advise customers on the wisdom of a commercial transaction. 

Facts

1.                 BACKGROUND

In McCann -v- Halpin & anor [2016] IESC 11, the receiver applied to the High Court for directions pursuant to Section 316(1) of the Companies Act 1963, in relation to the exercise of his powers as receiver over the property and assets of Elektron and Crossplan (the Companies). The appeal before the Supreme Court dealt with one issue - whether the receiver was validly appointed.

Facts 

In Farrell & Kelly v Petrosyan & Ors (linked to McLoughlin & anor v ACC Loan Management Ltd), High Court, O'Connor J, 2 March 2016 the High Court considered an application for possession on behalf of receivers appointed by ACC Loan Management Limited (ACC).  One of the issues before the court was whether the receivers had authority to act in the proceedings in view of their deeds of appointment by ACC. 

Judgment of the Court of Appeal of Porto of February 15, 2016