Insolvency and Restructuring

Why choose our Insolvency and Restructuring solicitors?

We act for a multitude of high profile financial and insolvency practitioners, as well as other stakeholders in relation to examinerships, receiverships, liquidations, corporate insolvency, personal insolvency and bankruptcy, tackling complex matters in a cost efficient and effective manner.

The Insolvency and Restructuring Department has advised court appointed liquidators in nearly one hundred Official Liquidations and advised the various stakeholders (directors, shareholders, creditors and banks) in many more. We have also advised many liquidators in relation to their powers and duties in creditors' and members' voluntary liquidations, as well as representing the usual stakeholders in respect of their entitlements. Our Insolvency and Restructuring lawyers are members of and sit on various committees of both the Irish Society of Insolvency Practitioners (ISIP) and INSOL Europe, the professional associations for Irish and European restructuring and insolvency specialists respectively.

The firm is one of three firms on the panel of lawyers for the Insolvency Service of Ireland which manages all of the countries bankruptcies through the Official Assignee (OA). The team currently manage nearly one hundred cases of varying complexity for the OA.

In addition, the Insolvency and Restructuring department is highly regarded for its work acting on behalf of a number of Ireland’s principal lending institutions in relation to the appointment of receivers, debt and asset recovery. We advise on the perfection and enforcement of security and where necessary, prepare strategies to protect our institutional clients’ interests.

The insolvency team currently acts for a pillar bank, appointed receiver in a contentious receivership of a group of department stores and its controlling company that is also in liquidation. The debtor shareholder challenged the validity of the receivership and objected to the sale of certain charged assets to third parties and issued further proceedings. The debtor registered a lis pendens against the charged asset which prevented the completion of the sale to the third party. Our team applied to the High Court seeking declaratory orders vacating the lis pendens. The various court applications were heavily contested throughout and the substantive proceedings are still ongoing. Arising from this litigation, we have published articles in various journals on the abuse of the lis pendens process and has made formal submissions to the Law Reform Commission regarding their review.

Areas of Practice:

• Banking and enforcement litigation

• Liquidations

• Receiverships

• Insolvency litigation

• Dispute resolution

• Corporate disputes

• Examinerships

• Corporate restructuring

• Asset and debt recovery

• Bankruptcy