Insolvency and Corporate Recovery

Our Insolvency and Corporate Recovery team works with a range of stakeholders on all aspects of insolvency and corporate recovery to find practical solutions to challenging financial and business scenarios.

We are a highly active practice, advising all the leading insolvency practitioners, major accountancy firms, banks and NAMA on a regular basis including advising companies, creditors, shareholders and company directors. Our extensive expertise in national and cross-border insolvency matters includes examinerships, receiverships, liquidations (voluntary and involuntary) and bankruptcies.

We offer a team of specialists selected to meet the needs of each situation. Experienced solicitors from our Litigation and Dispute Resolution, Banking and Financial Services, Real Estate, Employment and Taxation practices regularly work alongside our Insolvency and Corporate Recovery experts for particular appointments as required.

Our services include advising company directors on matters such as reckless trading, fraudulent trading, misfeasance and restriction or disqualification. We also act for shareholders in exercising their legal rights against companies or directors who have engaged in wrongful conduct or minority oppression.

We have significant experience in advising domestic and foreign secured creditors on their security enforcement and distressed asset recovery.

Our experience includes advising:

  • A large international bank in the examinership of Debenhams Ireland.
  • A large creditor in the examinership of Warehouse Ireland. NAMA on the insolvency aspects of a number of its recent loan portfolio sales, including Project Arch, Project Emerald / Ruby and most recently Project Gem.
  • BNY Mellon in the bankruptcy of Sir Tony O’Reilly.
  • Receivers from all the major accountancy firms in their appointments as receivers over a broad range of asset classes including appointments over hotels, trading companies, incomplete housing developments, farms, commercial premises and shopping centres as well as acting in the wide range of litigation before the superior courts arising from such appointments.
  • Goldman Sachs, CarVal and Deutsche Bank on the insolvency aspects of their acquisition of a number of loan portfolios.
  • Irish and foreign banks (including Irish Bank Resolution Corporation Limited (In Special Liquidation), AIB, ACC Bank, Danske Bank A/S, Investec, Bank of Scotland, Zurich Bank, Lloyds and Bank of Ireland) on all aspects of security enforcement and then often subsequently acting for the insolvency practitioners appointed by those banks.
  • The investor in the examinership of the Sunday Business PostAll the major loan servicers active in the Irish market appointed to service acquired loan portfolios.
  • A range of stakeholders in some of the country’s largest insolvencies and restructurings (some mentioned below) including: O’Flynn Construction, Quinn Group, O’Briens Sandwiches, Smart Telecom, Custom House Capital and Superquinn.
  • A number of counterparties in the Bear Stearns Hedge Fund collapse.
  • Custodian banks, counterparties and investment funds in the Lehman Brothers bankruptcy and UK administration.
  • Liquidators of numerous official and voluntary liquidations.
  • Directors on disqualification and restriction procedures.