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Insolvency rates remained low during the COVID-19 pandemic and governmental financial aids provided during the pandemic have been phased out and/or withdrawn. However, we are beginning to see the SCARP option being explored more frequently.

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The European Union (Preventive Restructuring) Regulations 2022 (the “Regulations”) were signed into law on Friday, 29 July 2022 by the Minister for Enterprise, Trade and Employment.

Under the Act, employees will be entitled to 70% of their daily earnings up to a maximum of €110 a day for three days, which will be payable by their employer. The allowance will increase to five days in 2024, 7 days in 2025, and 10 days in 2026. The days can be consecutive or non-consecutive days.

Non-Fungible Tokens, or NFTs as they are widely known, have been in the news on an increasingly regular basis. But, what are NFTs, and how do they work?

On 6 July 2022 the Companies (Corporate Enforcement Authority) Act 2021 (“the Act”) came into effect, with the establishment of a new Corporate Enforcement Authority (CEA). This step has been noted by many as a watershed moment in confronting economic and white-collar crime in Ireland.