News

FGS appointed as Receiver and Manager over landmark Dublin bars

Dublin, December 11th- Pearse Farrell, Partner with the Corporate Recovery and Insolvency division of FGS, has been appointed Receiver and Manager over landmark Dublin bars: Café en Seine, The George and The Howl at The Moon. All of these properties …

UK Chancellor waits to swing axe on public spending

The Pre-Budget Report postponed the pain as the Chancellor reiterated his commitment to halve the budget deficit by 2013-14 but he did not announce the detail of where the axe would fall in public spending ahead of next year’s election. …

FGS welcomes the Budgetary measures to rein in public spending

FGS welcomes the Minister’s endeavours to rein in public spending, however, we are disappointed to see a Budget containing once again what might be described as a petty taxation measure. Referring to the new levy on successful Irish entrepreneurs who …

Your company could be now eligible for the Employment Subsidy Scheme

The Tanaiste and Minister for Enterprise, Trade and Employment, Ms Mary Coughlan announced on 7 December 2009 details of a second broader call for applications for the Employment Subsidy Scheme. The second call will be open to exporting and non-exporting …

Company Secretarial Update – Companies (Amendment) Act 2009

The Companies (Amendment) Act 2009 was passed by the Oireachtas, and the Seanad and was signed into law on 12th July 2009. This Act makes significant changes to companies operating as licensed banks in particular, however all companies will be …

Company Secretarial Update – Companies Office

New Form H15 for Voluntary Strike-Off The Companies Registration Office is after changing the requirements for Voluntary Strike-Off applications. From 20th July 2009 onwards every Voluntary Strike-Off application made to the CRO will need to be made on a new …

Latest insolvency figures show 138% increase in business failures

The number of Creditors’ Voluntary Liquidations, High Court Liquidations, Receiverships and Examinerships in the nine months ended 30 September 2009 has increased by a staggering 138% on the same period in 2008. Declan Taite, FGS Corporate Restructuring & Insolvency Partner analyses …

FGS announce election of new Managing Partners

FGS today announced their decision to appoint a Managing Partner in each of their economic units in the Republic of Ireland and Northern Ireland. The new Managing Partner for FGS in the Republic of Ireland is Jim Mulqueen and David Watters …

Companies Act 2006 – Almost Complete

The Companies Act 2006 has now almost completely been implemented with the final draft of legislation coming into effect on the 1st October 2009. This final implementation in October 2009 will bring changes in 13 areas, including registrar powers, form …

A return to fiscal rectitude

Established against the backdrop of a deepening structural deficit and a need to re-balance Ireland’s public finances, Colm McCarthy’s Special Group – colloquially known as An Bord Snip Nua – was tasked with reviewing the full suite of Ireland’s public …