Regional news: Ireland

Ashurst hires in Singapore

Ashurst has bolstered its Asian restructuring practice with the hire of partner Robert Child from Clifford Chance in Singapore.

20 July 2021

FCA to consult on English scheme concerns

The UK’s Financial Conduct Authority plans to hold a consultation on schemes of arrangement and other restructuring tools, after outlining “serious concerns” over personal credit provider Provident Financial’s bid to cap customer compensation.

14 July 2021

Round-up: new hires for advisory firms across Europe

Alvarez & Marsal has hired a managing director from Deloitte in Germany, while RSM has lost two practitioners in Ireland and London, but added a partner in Leeds - and US global credit manager GoldenTree has welcomed a new European restructuring head in London.

15 June 2021

GPG payments arm’s insolvency opened in Bremen

A company that acted as the finance raising arm for the disgraced German Property Group, into which thousands of British and Irish investors poured their life savings, has been placed into formal insolvency proceedings in Bremen along with the rest of the group.

24 May 2021

Irish property developer overturns bankruptcy payment order

Property developer Sean Dunne, who was declared bankrupt in Connecticut and Dublin seven years ago, has overturned a 2018 order requiring him to pay €7,000 a month for the benefit of creditors in his Irish bankruptcy.

10 May 2021

IWIRC bolsters European offering

The International Women’s Insolvency & Restructuring Confederation has announced plans to expand its presence in Europe after launching a new chapter in Ireland on the same day it kick-started its Europe network.

28 April 2021

Irish court explains repudiation of Norwegian Air’s leasing contracts

A month after approving Norwegian Air’s schemes, an Irish court has handed down its reasons for allowing the airline to repudiate some of its aircraft leasing contracts, finding the terminations were not prohibited by the Cape Town Convention.

23 April 2021

Millions of creditors can vote on subprime lender’s English scheme

A UK personal credit provider has secured permission to poll as many as 4.2 million creditors on a scheme of arrangement, but it faces opposition from the Financial Conduct Authority.

22 April 2021

Norwegian Air restructuring approved in Oslo

An Oslo court has approved Norwegian Air’s restructuring plan after parallel schemes of arrangement were sanctioned in Ireland, paving the way for it to eliminate about US$3.6 billion of debt.

13 April 2021

Norwegian Air schemes approved in Ireland

An Irish court has sanctioned schemes of arrangement for Norwegian Air, paving the way for the airline to exit examinership as it awaits a creditor vote on its restructuring in Norway.

29 March 2021

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