Expertise

Restructuring & Insolvency

Our Restructuring and Insolvency team is one of the largest and most highly rated in the Irish legal market today. We have acted for stakeholders in many of the high profile and complex insolvencies in Ireland over the last decade.

We act extensively for both international and Irish banks, for insolvency practitioners, both domestic and international, and we routinely assist in the sale or purchase of distressed assets either in a restructuring or through formal processes.

We have developed a strong reputation in advising clients on examinership matters and all aspects of Ireland's corporate rescue regime.

Our practice extends to advising bondholders and other debt providers as well as general creditors and shareholders in distressed situations.

We advise directors in connection with managing insolvency risk, reducing the risk of personal liability and in respect of investigations by the Director of Corporate Enforcement.

Our Services

We advise clients on

  • All insolvency procedures including examinership (Ireland's corporate rescue regime) and bankruptcy
  • Insolvency risk
  • Insolvency related disputes
  • Restructuring and reorganisation of businesses
  • Obligations of directors, shareholders and creditors of entities in financial difficulty

Recommendations

Chambers & Partners, 2020

The team has the "ability to understand our requirements and challenges, and outline potential options". 

Legal 500, 2020

The team "balance an assertive style with very carefully considered legal advice". 

Recent Work

  • Advising the liquidator of Coast Stores Ireland Limited (in liquidation).
  • Advising the Dixons Group in the orderly wind down of its mobile telephone business in Ireland.
  • Lead advisor to Permanent TSB on its loan deleveraging programme which has resulted in the reduction of PTSB’s NPE ratio to 7% from a high of 26%. The €2.1bn Project Glas was the largest nonperforming loan sale of its kind in the Irish market
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Maurice Phelan

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