Answer ... In keeping with the general landscape in the European Union, there has been a general move in Ireland towards transparency with respect to the ownership of assets which, although perhaps primarily for anti-money laundering purposes, is a welcome development for judgment creditors seeking to recover monetary judgments. In this regard, significant efforts have been made to move towards all relevant details, in particular details with respect to ownership, relating to immovable property and land in Ireland being recorded and available for inspection. Furthermore, while the legal ownership of shares in Irish companies has been publicly available for a significant period of time, the EU (Anti-Money Laundering: Beneficial Ownership of Corporate Entities) Regulations 2019 – which came into force in Ireland on 22 March 2019 – introduced new requirements with respect to the disclosure of the beneficial ownership of shares on a Central Register of Beneficial Ownership, and some of this disclosed information should be available to judgment creditors.
Further to the above, Brexit is of particular importance in Ireland, given the close ties between the United Kingdom and Ireland. It remains to be seen what impact Brexit will have on the recognition of UK judgments in Ireland.