In France, it is an irony that EU legislative provisions intended to encourage prompt payment of invoices by debtors should result in criminal prosecutions against creditors.
On 12 December 2012, the European Commission submitted a proposal for a Regulation to amend Regulation (EC) No 1346/2000 on insolvency proceedings.
The deadline by which the Solvency II Directive must be applied has been moved from 1 November 2012 to 1 January 2014.
Regulation (EC) No. 1346/2000 dated May 29, 2000 regarding insolvency proceedings was applicable in the context of civil proceedings concerning the existence of a right in rem.
Minister for Justice Alan Shatter recently unveiled further details about the new personal insolvency process, which forms part of the Personal Insolvency Act, 2012.
A discussion relating to a recent decision, which has important implications for insolvency procedures and particularly the difference between Cayman Islands law and the UK and USA.
The Minister for Justice, and Director of the Insolvency Service of Ireland, have recently launched the ISI’s public information campaign, which includes guides to the three new personal insolvency arrangements, its website and an information helpline for queries.
The Land and Conveyancing Law Reform Bill has been drafted to address the unintended consequences of the 2009 Act and the uncertainty in the law relating to the exercise by lending institutions of their right to summary possession.
The Irish Government enacted the Irish Bank Resolution Corporation Act 2013 in the early hours of 7 February 2013
Irish Bank Resolution Corporation Act and Appointment of Special Liquidators.
The Finance Bill 2013 introduces a number of provisions that impact on the VAT treatment of transactions involving liquidators, receivers and mortgagees in possession.
This Briefing contains a general summary of developments and is not a complete or definitive statement of the law.
The courts recently considered the issue of enforceability in Ireland of an order if made
by Swiss courts in Swiss liquidation proceedings.