- October 15, 2020
- Posted by: Tom Murray
- Category: Business, Uncategorized
There are some interesting directions which can be taken from the judgement of Mr. Justice Denis McDonald delivered on yesterday in the matter of New Look Retailers (Ireland)Limited (“Newlook”) Newlook which operates 27 stores and employs 475, sought the protection of the court in August through Examinership so that it could have time to address…
- June 2, 2020
- Posted by: Tom Murray
- Category: Business
As someone who spent his formative years helping out a parent who had a retail business, I have always had an interest in the retail sector and the challenges facing those working in it.› Even before Covid-19 hit it for six, it is fair to say that executives and senior management in retail had challenges…
- April 16, 2020
- Posted by: Tom Murray
- Category: Business
CCAB(I) have today provided guidance to Insolvency Practitioners on the convening and holding of Creditors Meetings during the Covid-19 pandemic. In summary, creditors meetings can now be held remotely by telephone and/or video conferencing facilities. This allows appointments to proceed and provide creditors and members with the opportunity to participate in meetings and request any…
- March 24, 2020
- Posted by: Tom Murray
- Category: Uncategorized
Is it time for Schemes of Arrangement to step out of Examinerships shadow and provide a cost-effective alternative to formal insolvency for cash strapped SME companies. In the current environment surrounding Covid 19 there is a lot of uncertainty from businesses as to the long-term future viability in a business environment which is increasingly volatile…
- March 15, 2020
- Posted by: Tom Murray
- Category: Uncategorized
This is an immediate and urgent crisis for Ireland’s SME businesses. The social distancing measures being suggested by Government and being implemented throughout the country (and the “lockdown” that is most likely on the way) are only going to dramatically exacerbate a business environment which is increasingly volatile and unpredictable in the weeks and months…