At long last, the much awaited Companies Act 2014, the largest reform of company law in Ireland in over 50 years, has come into force. The Companies Act 2014 (“the Act”) was signed into law by the President of Ireland on 23 December 2014 and entered into force on 1 June 2015. The aim of the Act is to incorporate the provisions of the existing Companies Acts and the law set out in regulations into one single companies code. The Act contains 25 parts (1448 sections) and provides for a transition period of 18 months from commencement. The Act will impact all Irish companies and all insolvency procedures.
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