Legal News (Insolvency & Restructuring)

The recent Supreme Court decision in ACC Loan Management v Mark Rickard and Gerard Rickard has confirmed that a judgment creditor may apply to court to appoint a receiver by way of equitable execution over future entitlements due to a judgment debtor, such as the EU Basic Payment Scheme (“BPS”).

The 30th anniversary of the examinership process in Ireland is approaching and it’s a good time to reflect on the development of the process, where it stands now in Irish commercial life and the alternatives that exist.

Hayes solicitors has again been recognised in the latest edition of leading international legal directory The Legal 500.

In the recent High Court decision of AIB Plc –v- Sean Buckley [2019] IEHC 97 (Mr Justice Garrett Simmons) the Court Ruled that the Code of Conduct on Mortgage Arrears (the “Code”) applied to the commercial loan which formed the subject matter of the proceedings.

In the recent case of Re M.D.Y. Construction Limited [2018] IEHC 676, an Interim Examiner made an application pursuant to section 541 of the Companies Act 2014 (the “2014 Act”) to have proposals for a scheme of arrangement confirmed by the High Court.