The government announced an extension until 31 December 2021 of the Companies (Miscellaneous Provisions) (Covid-19) Act 2020.  This 2020 Act permits the extension of the interim period in which measures apply by order of the government.  The Companies (Miscellaneous Provisions) (Covid-19) Act 2020 introduced temporary measures to amend the Companies Act 2014, to deal with various company law and compliance challenges presented by the Covid-19 pandemic.

This extension means that, until the end of this year:

  • Irish companies may continue to hold both creditors’ and general meetings virtually;
  • The threshold at which a company is deemed unable to pay its debts remains at €50,000;
  • The extension of examinership period to 150 days remains in place; and
  • Documents which are required to be executed under seal by a company can continue to be executed in separate counterpart.

We can help! 

Should you require any information or assistance or advice regarding the Companies (Miscellaneous Provisions) (Covid-19) Act 2020, please contact your usual Crowley Millar contact or: Emma Cafferky, Partner, Corporate Department ([email protected]), or 

Neil Millar, Associate Solicitor, Corporate Department ([email protected]).  

***************************************************************************

Crowley Millar Disclaimer:  This is a general information note and is intended for brief guidance and information only.  It does not constitute legal advice and should not be regarded as a substitute for legal or other professional advices.  Such advice should always be taken before acting on any of the matters referenced in this information note.