Uncategorized
- November 19, 2020
- Posted by: Jim Stafford
- Category: Uncategorized
In January 2019, the European Banking Authority received a Call for Advice from the EU Commission to benchmarking national loan enforcement frameworks across individual EU Member States. For the analysis, in 2019-20 the EBA and the National Competent Authorities collected loan-by-loan data on loans under insolvency proceedings from more than 160 banks located in 27…
- October 15, 2020
- Posted by: Tom Murray
- Category: Business, Uncategorized
There are some interesting directions which can be taken from the judgement of Mr. Justice Denis McDonald delivered on yesterday in the matter of New Look Retailers (Ireland)Limited (“Newlook”) Newlook which operates 27 stores and employs 475, sought the protection of the court in August through Examinership so that it could have time to address…
- September 28, 2020
- Posted by: Jim Stafford
- Category: Business, Uncategorized
The Covid Emergency has brought changes in the steps necessary to place a company into liquidation and the consideration that apply. These considerations include fresh guidance from ODCE and new legislation on virtual meetings. We have created an information page at the following link that summarises best practice. How to liquidate a Company The page…
- August 26, 2020
- Posted by: Jim Stafford
- Category: Business, Uncategorized
It is becoming clear that Economists are struggling to interpret the views of Epidemiologists. In March of this year I attended a presentation given by the Economist Austin Hughes of KBC Bank. During the presentation he presented a chart that showed the consensus views of leading Economists on the impact of Covid on Europe’s GDP….
- August 1, 2020
- Posted by: Jim Stafford
- Category: Business, Uncategorized
Many people are delighted to take up a Non-Executive Directorship of a subsidiary for, say €20,000 a year. However, the unprecedented nature of Covid has substantially changed the ground rules for many NEDs, and is making some of them very nervous. We are providing advice for an increasing number of directors of Irish Companies who…