Companies HealthBeacon to be bought by US firm Hamilton Beach Brands for €6.9 millionRescue deal will see senior creditors made whole and unsecured creditors recover more than had been expected
Health sector Report diagnoses variety of reasons for HealthBeacon’s financial difficultiesIncreased headcount and building infrastructure and a failed venture in the US cited as problems for Dublin-based medtech firm
Legal Warehoused tax debt set to cause major problems for companiesThe failure of Mac Interiors to convince the High Court to accept its survival plan could be an ominous sign of things to come
Legal Revenue flexes its muscles as it halts €13m warehoused tax deal Mac Interiors thought its examinership would succeed until the High Court came down on the side of the taxman
Energy Larry Goodman-owned firm to invest €6.3m in Barryroe rescue dealIt comes as Colin Christie has stepped down as chief financial officer of the embattled oil exploration firm
Legal Russian-state owned firms wound up in largest liquidation ever in IrelandMove will be complicated by ongoing sanctions against Russia
Russia Lawyers try to drop Russian-state owned firms as clients following ‘catastrophic’ relationship breakdownThe GTLK Europe Captial and GTLK Europe leasing firms, which are registered in Ireland, are seeking to enter examinership
Russia Timing of examinership application by Russian-state owned firms ‘profoundly suspicious’ - High Court judgeCourt was told the petition was brought following a decree from Vladimir Putin that the Russian state would forgive $1.5bn of the leasing firms’ debts
Legal Examiner finds concentration of risk in former FAI kit supplier JACC ‘unwise’Directors of Trade Tower Finance Ireland and Deal Partners Logistics should have applied tighter risk management controls, examiner’s report states
Companies Businesses face new year shock as Revenue sends in the sheriffsRevenue sheriffs will seek to collect as much as €500 million in outstanding tax debt in Q1 of 2023 – just as firms struggle to cope with high fuel costs and the cost of living crisis
The Big Interview ‘You are more than able for this role, and we want you to want this role’ – Gemma Freeman of DentonsThe insolvency lawyer has risen to the top of a male-dominated profession – and credits the strongly pro-female atmosphere at her firm, Dentons, for much of that
Shaw Academy seeks second examinership as reputation suffers after rapid expansionThe online education platform, which was the subject of a large volume of customer complaints during the pandemic, has petitioned for protection from creditors again
Three decades on, will there finally be an examinership that works for smaller businesses?The coalition hopes to push through a ‘summary rescue process’ to allow SMEs to restructure debt and other liabilities at a fraction of the cost to help reduce post-pandemic business failures
593 jobs saved after firms exited examinership in 2020Figures similar to 2019 show economic impact of Covid-19 has not yet been fully realised, accountancy firm warns
New summary rescue plan could be lifeboat for struggling SMEs Proposals to introduce an ‘examinership-lite’ process which avoids costly court procedures could be a lifesaver for businesses and the exchequer alike
Former Sam McCauley boss takes on embattled Cara groupGroup went into examinership in September after interim report laid bare issues of high rental costs and HSE legal case to defend