Legal News (Banking & Financial Services)

Minister for Housing, Local Government and Heritage, Darragh O’Brien TD, recently announced a €3.1 billion housing budget. Minister O’Brien noted that Budget 2021 will be the largest social housing build programme in the history of the State.

As the reopening of Ireland’s economy steps-up a gear and continues to garner attention in the media, the COVID Credit Guarantee Scheme (CCGS) (relaunched and rebranded from the SME Credit Guarantee Scheme) continues to provide assistance for SMEs who require liquidity support.

In our experience, with any type of financing, an initial meeting is an effective way to identify potential issues which may arise during the course of a transaction and the solutions that may be available to resolve such issues so as to avoid unnecessary delays at a later stage.

Catherine Jane O’Rourke and Danny Heffernan recently wrote about the impact of Covid-19 on the efforts being made to address the housing crisis. We are glad to say many sites have since re-opened and construction work has re-commenced.

As restrictions imposed due to COVID-19 are now being lifted, businesses are actively adjusting to the new normal and the most effective method of trading during this period and into the future.

I have previously written about “virtual closings” and the importance of complying with the rules and processes around utilising scanned PDF signature pages to “virtually” complete on a transaction.