ARTICLE
7 September 2015

Companies Act 2014 – The New Era Begins!

M
Matheson

Contributor

Established in 1825 in Dublin, Ireland and with offices in Cork, London, New York, Palo Alto and San Francisco, more than 700 people work across Matheson’s six offices, including 96 partners and tax principals and over 470 legal and tax professionals. Matheson services the legal needs of internationally focused companies and financial institutions doing business in and from Ireland. Our clients include over half of the world’s 50 largest banks, 6 of the world’s 10 largest asset managers, 7 of the top 10 global technology brands and we have advised the majority of the Fortune 100.
Following a consultation and legislative process lasting over a decade, the Irish Companies Act 2014 finally came into effect on 1 June 2015.
Ireland Corporate/Commercial Law

Following a consultation and legislative process lasting over a decade, the Irish Companies Act 2014 finally came into effect on 1 June 2015.  If you hardly noticed, that's a good thing!  If you need a reminder of how the introduction of the new legislation might affect your company, check out our Companies Act 2014 FAQs.

International companies with Irish subsidiaries will begin to benefit in a tangible sense from the new modern and consolidated company law code, including increased flexibility for cash repatriation in certain instances as well as additional options now available for group restructuring and reorganisations.  

The Irish Companies Act 2014 further enhances Ireland's pro-business legal infrastructure which has been a key factor underlying its establishment as a location of choice for inward investment.  That offering has brought about a remarkable 110 new investments by international companies in the first half of 2015 with the number of people employed in Ireland by US companies alone now estimated to be over 140,000.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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