Company Law

Proposals to enhance the Companies Act 2014 have gone out for public consultation. The Department of Enterprise, Trade and Employment is seeking views on a proposed Companies (Corporate Governance, Enforcement and Regulatory Provisions) Bill 2023 which will focus primarily on four areas of company l

Legislation providing increased protections for employees in a collective redundancy situation following their employer's insolvency is to be drafted as a priority, the government has announced. Ministers yesterday approved the priority drafting of the Plan of Action on Collective Redundancies follo

Company directors will soon be required to provide their Personal Public Service (PPS) numbers in order to file certain documents with the Companies Registration Office (CRO). The requirement will come into effect from 23 April 2023 with the commencement of section 35 of the Companies (Corporate Enf

Proposals to amend company law in the areas of corporate governance, enforcement, administration and insolvency will be set out later this month. The Department of Enterprise, Trade and Employment will launch a consultation by the end of April 2023 on its proposed Companies (Corporate Governance, En

Nearly four in 10 organisations in Ireland do not know if they fall under the scope of the new Corporate Sustainability Reporting Directive (CSRD), according to a survey by Mason Hayes & Curran LLP. The business law firm polled more than 100 business leaders at its recent 'Sustainability Reporti

Matheson partners Brendan Colgan, Kevin Gahan, Julie Murphy-O'Connor and Tony O'Grady look at important changes to the Companies Act 2014, together with guidance provided by the Corporate Enforcement Authority, to assist directors in understanding what their obligations are and when they might be tr

Cian McGoldrick BL considers recent examinership proceedings before the Irish courts and contends that they serve as an excellent example of the potency of the corporate insolvency regime in this jurisdiction. The recent examinership proceedings before the Irish High Court involving the well-known g

UK law firms and accountants that fail to do enough to prevent fraud are the target of the UK government's Economic Crime and Corporate Transparency Bill. The government intends to introduce a new offence in the bill, when it makes its way to the Lords, that will be based on similar offences for bri

The Law Reform Commission has published a "plain English" version of its consultation paper on the liability of clubs, societies and other unincorporated associations. The plain English version is designed to generate participation by the general public in the consultation process and to encourage d

The High Court has restored a company to the Register of Companies despite objections from the director that the applicant had no locus standi to bring the application. The applicant was the assignee of loans which had transferred after the strike off from the Register and the director claimed that

The Law Reform Commission has published a consultation paper on the liability of clubs, societies and other unincorporated associations. The new consultation paper, which forms part of the body's fifth programme of law reform, examines issues relating to civil and criminal liability, including matte

A senior Irish lawyer has criticised a European court ruling restricting access to information about company ownership on privacy grounds as "a gift to money launderers and their credulous allies". Paul Egan SC, a senior consultant at Mason Hayes & Curran LLP and chair of the government's Compan

McCann FitzGerald partner Garreth O'Brien and senior associate Heather McMahon consider a significant High Court decision on company law. For the first time, the High Court has pierced the corporate veil to make directors and shadow directors personally liable for the fraud of a company.

Eamon Jones and Clare Dowling of LK Shields consider a recent court ruling on minority shareholder oppression and costs. A recent decision of the Court of Appeal showcases the potential of section 212 of the Companies Act 2014, which provides for remedies for shareholders in cases of oppression, upo

Richard Gray, partner and head of corporate at Belfast-based Carson McDowell, welcomes new clarity on creditor duty. The UK Supreme Court considered the existence, content, and engagement of ‘creditor duty’ for the first time ever in the matter of BTI 2014 LLC (Appellant) v Sequana SA an