Tuesday January 28, 2020

Top law firm: naming red tape to cost hundreds of millions

Matheson lobbied minister before Brexit vote; Warnings measure will cost multinationals hundreds of millions of euro

25th September, 2016
Minister for Jobs, Enterprise and Innovation Mary Mitchell OConnor received a letter a week before the Brexit vote Pic: RollingNews.ie

Legal firm Matheson has urged the government to abandon new naming requirements for unlimited companies, warning that the measure is disruptive and will cost multinationals in Ireland hundreds of millions of euro.

The law firm wrote to Minister for Jobs, Enterprise and Innovation Mary Mitchell O’Connor a week before the Brexit vote last June, cautioning that the provisions of section 1237 of the Companies Act 2014 “run directly contrary to the aim of making Ireland...

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