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 (emmac@crowleymillar.com), or
Neil Millar, Associate Solicitor, Corporate Department (neil@crowleymillar.com).
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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.