A significant number of businesses have had their operations interrupted as a direct consequence of Covid-19. It has raised the question of whether companies would be covered in this respect by their Business Interruption insurance policies. Test cases have been brought by four pubs arising out of FBD’s refusal to indemnify them for the disruption to…
2021 I normally look forward to the first week of the year back in the office. The beginning of the year is generally a time to be optimistic about the year ahead and the possibilities for both our own business and business in general. This year, it is strange to be “at the desk” at home…
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…
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…
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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