Consequences for Directors of leaving a company to be struck off

Due to the financial difficulties that many businesses are currently experiencing, many directors and shareholders of companies are tempted to simply abandon the company without arranging for the appointment of a liquidator to wind up the company. Members Voluntary Liquidation To place a company into a Members Voluntary Liquidation, the directors must follow a Summary …

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Companies law update 1/6/15

After 15 years of preparation, consultation and revision, a comprehensive new Companies Act was enacted on 23 December 2014. With nearly 1,500 sections and 17 Schedules, this is the largest piece of legislation ever enacted by the Oireachtas. It is expected that the bulk of the legislation will become effective on 1 June 2015. This …

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