Regional news: Ireland

US resident fails to enforce bankruptcy stay against Irish creditors

Preventing a potential stand-off with the Irish courts, a US appeals court has denied a request by an Irish citizen resident in Illinois to enforce a Chapter 11 stay against his Irish creditors.

22 September 2022

Irish court annuls Estonian businessman’s bankruptcy for disclosure failure

A day before an Estonian businessman was due to be automatically discharged from bankruptcy in Ireland, a court has annulled the June 2021 order declaring him bankrupt because he did not disclose he was already subject to an Estonian proceeding.

01 July 2022

Ogier expands into Ireland

Offshore firm Ogier has merged with Dublin-based Leman Solicitors to develop its offering in Ireland, as one of its new partners tells GRR the market is primed for an increase in non-contentious restructurings.

31 May 2022

EU court rejects Ryanair challenge against Condor state aid

Ireland’s Ryanair has lost its challenge to the German government’s bailout of Frankfurt-headquartered airline Condor after the collapse of its parent Thomas Cook.

20 May 2022

Ireland opts in to updated EU regulation annexes

Ireland has belatedly opted into the updated version of the recast European Insolvency Regulation, and will now automatically recognise the new Dutch and German schemes along with a host of other new and expected European restructuring tools in the regulation’s revised annexes.

16 May 2022

Mallinckrodt secures approval of Irish scheme

Irish-US drugmaker Mallinckrodt has secured approval of its Irish scheme of arrangement, after the High Court in Dublin dismissed an unsecured creditor’s claim that the company’s Chapter 11 plan is “unfair and inequitable”.

28 April 2022

Interpath plans expansion into Ireland with six hires from Big Four firms

Interpath Advisory has announced it is planning to open a practice in Ireland in June, recruiting senior insolvency practitioners from Deloitte and KPMG.

22 April 2022

Nordic Aviation Capital obtains US plan approval

Aircraft lessor Nordic Aviation Capital has secured sanction of its third amended Chapter 11 plan in the US and aims to exit bankruptcy before the end of May, completing a multi-faceted post-pandemic restructuring that began with an Irish scheme of arrangement in 2020.

21 April 2022

Mallinckrodt faces Chapter 11 appeals, enters parallel Irish examinership

Health insurance companies that are appealing pharma manufacturer Mallinckrodt’s recently-confirmed Chapter 11 plan, have failed to obtain a stay on distributions pending appeal, as a court in Ireland relied on a 2016 precedent to open up parallel proceedings and appoint a Grant Thornton managing director as examiner.

25 March 2022

Maples announces partner promotions in Dublin

Maples Group has promoted two members of its dispute resolution and insolvency practice in Ireland who worked on the Norwegian Air and Mallinckrodt restructurings.

16 March 2022

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