New Companies Act is good for business

The Companies Act 2014 came into effect on June 1, 2015. With in excess of 1,400 sections and 17 schedules, the act is the single largest piece of Irish legislation.

Although its focus is largely concerned with consolidation of previous laws, it introduces a number of important and significant changes.

The most ambitious change within the act sees private companies placed at the centre of the Irish company law code, shifting the emphasis ...