Upcoming Creditors' Meetings and Recent Appointments

Upcoming Creditors' Meetings taking place from Monday the 12th to Friday the 16th of December 2016 and the most recent appointments.

Dec 9, 2016, 17:06 PM

Cross-Channel Enforcement Post-Brexit

Until recently, Irish creditors could reasonably assume that money judgments awarded in Ireland could be enforced within all other EU member states, including the UK[1]. This gave Irish creditors comfort that they could swiftly and cost-effectively pursue UK-situate assets of a judgment debtor, after a judgement was obtained in Ireland.  A key aim of both the original Brussels I Regulation and the Recast Regulation (the “Regulations”) is to facilitate access to justice amongst member states and for judgments to be easily recognised and enforced. However, this certainty ended following the outcome of the “Brexit” referendum in the UK.

Dec 9, 2016, 15:36 PM

Post Brexit: Opportunities for alternative lenders in Ireland

The implications of the UK Referendum on Brexit on 24 June have yet to be fully recognised by Irish private businesses. The immediate effect of the vote was evident in the sterling exchange rate, which declined sharply against the euro and while the impact of Brexit on the UK economy is not fully appraised some economic commentators are predicting recession in 2017. In response, the Bank of England has cut interest rates for the first time in seven years and started a programme of quantitative easing as part of a £170 billion stimulus to try to prevent Brexit from tipping the UK economy into recession. 

Dec 9, 2016, 15:24 PM

Today in the News

According to a survey UK house prices hit a seven-month high in November. Central Bank fines Bray Credit Union €98,000 over money laundering failures. Fyffes is set to be acquired by Tokyo-headquartered Sumitomo Corporation for €751m. According to the latest statistics released by the CSO housebuilding has risen 30pc this year.

Dec 9, 2016, 10:40 AM


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