Plans to update company law and grant new enforcement powers to statutory authorities have been set out by the government. Ministers have published the general scheme of the Companies (Corporate Governance, Enforcement and Regulatory Provisions) Bill 2024, which will make a series of amendments to t
Company Law
Temporary legislation allowing companies to hold their AGMs remotely has been extended for a further year. The interim period of the Companies (Miscellaneous Provisions) (Covid-19) Act 2020 related to the holding of virtual meetings, including AGMs, has now been extended to 31 December 2024.
The Court of Appeal determined that Lodge Gaven Limited should be restored to the Register of Companies, but varied the order of the High Court to award Circuit Court costs instead of High Court costs. Delivering judgment for the Court of Appeal, Mr Justice Donald Binchy observed that “where a
Companies House has been given new powers to tackle fraudulent information on the company register under legislation which received royal assent yesterday. The Economic Crime and Corporate Transparency Act introduces what the UK government calls "world-leading powers" to allow authorities to proacti
Ireland has transposed an EU directive providing a unified framework for cross-border conversions and divisions. The European Union (Cross-Border Conversions, Mergers and Divisions) Regulations 2023, signed into law this week, transposes the Mobility Directive into Irish 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