Legal News (Insolvency & Restructuring)

A discrete issue, which has been considered in recent examinership cases, is cross-examination where there is a conflict of evidence before the Court.

The recent examinership concerning the companies within the Cara Pharmacy Group (“Cara”) received widespread publicity.

In a recent consideration of the decision of the High Court in Re New Look Retailers (Ireland) Ltd, we raised the question as to whether that decision had introduced a new requirement, in petitions to appoint an examiner, to demonstrate to the Court’s satisfaction that the appointment is necessary.

The Office of the Director of Corporate Enforcement (ODCE) recently issued new guidance outlining the implications of COVID-19 on its insolvency related functions.

Hayes recently successfully defended a Liquidator in an action by a shareholder of a company to remove him in a long running complex liquidation of a company with foreign subsidiaries and assets.