Legal News (Insolvency & Restructuring)

The High Court recently considered the legality and enforceability of surcharge/default interest in circumstances where the underlying loan agreement allowed for surcharge interest at a rate of 9% per annum.  

The Employment (Collective Redundancies and Miscellaneous Provisions) and Companies (Amendment) Act 2024 (the “2024 Act”) was commenced by the Oireachtas in July 2024. 

Hayes solicitors LLP has once again been recognised as one of Ireland’s leading law firms for 2024 by independent researchers Legal 500, and Chambers and Partners.

On 14 December 2023, the Court of Justice of the European Union (“CJEU”) issued judgment in VB v. Natsionalna agentsia za prihodite (C-340/21) and held that that the fear of misuse of one’s data after a data breach can constitute non-material damage.

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during the COVID-19 pandemic and governmental financial aids provided during the pandemic have been phased out and/or withdrawn.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.