Modernisation of Companies Legislation
This article was originally published in the June edition of the International Financial Law Review.
The Companies Act 2014 ("Act") was recently passed by the Irish parliament and most of its provisions will come into force on June 1 2015 ("Commencement Date"). The Act is largely a consolidation and modernisation of existing Irish companies legislation.
However, there are a number of issues which lenders will need to consider from a practical perspective in respect of Irish incorporated obligors.
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