New Look Examinership Provides Guidance for Retailers Facing an Uncertain Future
21 October, 2020As the economy continues to struggle with the ongoing impact of covid-19, the retail sector will likely come under further significant pressure. In this context, many companies will seek the Court’s protection from creditors through an examinership process to ensure survival and long term viability. On 14 October 2020, Mr Justice McDonald handed down a […]
Read moreUK test case on Covid-19 business interruption insurance is a positive result for policyholders
15 September, 2020Today’s judgment by the High Court of England and Wales in the test case of The Financial Conduct Authority v Arch and Others brings some helpful guidance in relation to the potential interpretation of Business Interruption Insurance coverage arising from the losses incurred from the Covid-19 pandemic. This decision may be given significant weight when […]
Read moreThe Data Protection Commission’s “Cookies Sweep” and Obligations on Data Controllers
7 September, 2020The Irish Data Protection Commission (“DPC”) recently published updated guidance on the use of cookies and other tracking technologies (the “Guidance[1]”), together with an accompanying report based on a cookie sweep of 40 companies across a broad range of sectors (the “Report[2]”), conducted by the DPC between August 2019 and December 2019. Cookies are small […]
Read moreCase Study: CityJet DAC Examinership
11 August, 2020Background On 17 April 2020, the Irish High Court appointed an interim examiner, Kieran Wallace of KPMG, to CityJet DAC (“CityJet”) to provide it with protection from its creditors through examinership during the COVID-19 crisis. Flynn O’Driscoll Business Lawyers acted for creditors of CityJet. CityJet is an Irish wet-lease specialist airline operating regularly scheduled routes, […]
Read moreCase Study – Nordic Aviation Capital Designated Activity Company Scheme of Arrangement
24 July, 2020SCHEMES OF ARRANGEMENT NORDIC AVIATION CAPITAL DESIGNATED ACTIVITY COMPANY CASE STUDY Background On 21 July 2020, the Irish High Court (Commercial Court) approved a Scheme of Arrangement presented by Nordic Aviation Capital Designated Activity Company and its wider group (“NAC”) pursuant to Chapter 1 of Part 9 of the Companies Act 2014 (the “Act”) restructuring […]
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