A key new directive harmonising certain aspects of insolvency law was published in the Official Journal of the European Union on 1 April 2026.

The High Court of Ireland has in a recent case recognised and enforced the terms of an individual voluntary arrangement (“IVA”) under the law of Northern Ireland.

Irish companies can now avail of various methods with which to merge, migrate or spin off all - or portions of - their businesses with other European Union (“EU”) limited liability companies. In our experience, these restructuring tools can be particularly useful for global post-acquisition integration, carve-out, spin-off or rationalisation projects. This has been made possible by an EU directive introduced into Irish law on 24 May 2023 by the European Union (Cross-Border Conversions, Mergers and Divisions) Regulations 2023 (the “Regulations”).