What is the Irish market size for the Small Company Administrative Rescue Process (“SCARP”​): Lessons from the UK
  • Posted by: Jim Stafford
  • Category: Business
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The legislation for SCARP is expected to be published this week. In planning and allocating resources to use SCARP to help clients recover from Covid, it is necessary to try and predict what the total market size for SCARPs will be. Given the business similarities between Ireland and the UK, it is useful to look…

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Bankruptcy Tourism in Ireland (Insolvenztourismus in Irland)
  • Posted by: Jim Stafford
  • Category: Business
Bankruptcy Tourism in Ireland

When I was in college I was fortunate to get a Summer job as a Bademeister (lifeguard) in the Hetzel Hotel, Freiburg, Germany. Whilst I did not have any opportunities to save any Frauleins that Summer, I did manage to pick up some of the German language (beyond “2 Bier Bitte.”) Unfortunately, I have now…

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Essential Reading for bankers. Why is Ireland the slowest country in Europe for recovering bad debts?
  • Posted by: Jim Stafford
  • Category: Uncategorized

In January 2019, the European Banking Authority received a Call for Advice from the EU Commission to benchmarking national loan enforcement frameworks across individual EU Member States. For the analysis, in 2019-20 the EBA and the National Competent Authorities collected loan-by-loan data on loans under insolvency proceedings from more than 160 banks located in 27…

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Table shows the decline of competition in the Irish banking market and the impact of Covid on litigation by the banks and Vulture Funds
  • Posted by: Jim Stafford
  • Category: Business

Yesterday I posted details of a Personal Insolvency Seminar that I am presenting next week. I set out above one of the PowerPoint slides that I have prepared for the seminar. The Table shows the number of Summary Proceedings issued for judgment in the High Court by various banks and vulture funds for a number…

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How to liquidate a Company: Beware of the Moving Parts.
  • Posted by: Jim Stafford
  • Category: Business, Uncategorized

The Covid Emergency has brought changes in the steps necessary to place a company into liquidation and the consideration that apply. These considerations include fresh guidance from ODCE and new legislation on virtual meetings. We have created an information page at the following link that summarises best practice. How to liquidate a Company The page…

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