There has been significant talk over the last few years about the updating of company law in Ireland by the enactment of a new Companies Act in place of the existing legislation which stretches from 1963 to 2013.
The new legislation has become a reality with the Companies Act 2014 (the “Act”) signed into law on 23 December 2014 and expected to be commenced on the 1 June 2015.
Once commenced, the Act will repeal all existing company law statutes and the majority of related statutory instruments. The Act provides a consolidated and current company law code for its users which includes companies, directors, professional advisers, and shareholders.
