A new Companies Act was enacted on 23 December 2014. With nearly 1,500 sections and 17 Schedules, this is the largest piece of legislation ever enacted, and it is expected that the bulk of the legislation will become effective on 1 June 2015. This is a summary of some of the key changes that may be
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Our Firm are part of a Law Society Pilot Scheme to ensure members of the Public get more accurate quotes for legal work in encouraging the consumer client to provide more information about the transaction. Purchase of residential property Introduction and solicitor’s work Questionnaire Sale of residential property Introduction and solicitor’s work Questionnaire Will Introduction and
Economist and New York Times columnist Paul Krugman is not buying that Austerity is good for us, as he wrote recently that nobody is saying that Ireland is recovering, only that it is “set to recover”. As he says. ” we’ve heard that before, and before, and before”.. He highlights “Ireland’s odd economic structure, in
The weekend papers headlined that parents would have to stay at home as high childcare costs would not be counted as legitimate debt and neither would private healthcare. This may become the case but to date the guidelines on the new Insolvency legislation await publication. While the law has passed the structures have yet to
With the 12 year automatic discharge period cut to 3 years, there are Benefits in bankruptcy as a debt settlement remedy: Fees for legal advice and negotiation are provided for as part of process. The stigmatisation is diluted as the Economic Crash is seen as the cause. Fresh start, the bankrupt’s debts are wiped out.
Personal insolvency arrangement is the final debt settlement resolution process under the Personal Insolvency Act and is available to debtors with secured debt up to €3,000,000 and unsecured debt over a six-year period (with a possible one-year extension). A debtor may enter into a personal insolvency arrangement only once. Following discussions with the
Debt settlement arrangements (DSAs) are available under the new Personal Insolvency Act to debtors with unsecured creditors over €20,000. Section 49 of the act provides that the debtor must apply in writing to a personal insolvency practitioner including details of his financial affairs. Following receipt of this information, the personal insolvency practitioner shall hold
The Personal Insolvency Act 2012 became law in 26 December 2012, but Statutory Instruments are needed to bring the various sections into effect. It reforms Ireland’s insolvency laws, providing a modern system addressing the situation of insolvent debtors. At present personal insolvency is governed by outdated bankruptcy laws. A significant change being introduced is the
Standard Maternity Leave A pregnant employee is currently entitled to 26 consecutive weeks of maternity leave. An employee who wishes to avail of her entitlement to maternity leave must notify her employer in writing as soon as reasonably practicable, but no later than 4 weeks before the beginning of the leave, of her intention to
Employment Legislation affects advertising of positions in that you cannot indicate discrimination. Employees are protected from discrimination in employment, regardless of their age, gender, marital status, family status, race, religion, sexual orientation, disability, or membership of the travelling community (Employment Equality Acts, 1998 and 2004). Thus, you cannot say the position will suit ‘newly-qualified’ or