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Partner Simon O’Neill discusses the Central Bank’s expectations and the process for credit unions applying to avail of increased lending limits. Full article available here.

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Businesses should always engage with their financial advisers and bank or financial institution in the first instance but should be aware that there are a range of other supports available to Irish businesses affected by COVID-19, including: 1. SBCI Credit Guarantee Scheme – The Government has repurposed the Credit Guarantee Scheme (CGS) to provide counter-guarantees […]

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Whilst lawyers and their clients invest significant time in refining and negotiating legal contracts, it is often in the hope that the need to rely on the protections contained therein does not arise. In a similar vein, the first time we consult our insurance policy is only likely to occur when we have suffered financial […]

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A €2 billion fund administered by ISIF (the Irish sovereign development fund) to support medium and large enterprises in Ireland affected by COVID-19; Medium and large enterprises eligible which employ > 250 employees or with annual turnover > €50 million (businesses below this threshold may qualify if of sufficient scale or nationally or regionally significant); […]

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Leading commercial law firms Philip Lee and McEvoy Corporate Law are pleased to announce the merger of both firms. The merger is due to complete over the coming weeks. McEvoy Corporate Law will be part of Philip Lee and will operate from Philip Lee’s head office at 7/8 Wilton Terrace, Dublin 2. The combined firm […]

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Outsourcing by financial institutions has become commonplace; the current COVID-19 crisis has demonstrated the significance of having comprehensive business continuity processes in place. Social distancing restrictions have affected the business and operations of regulated firms as well as the rest of the economy. Some banks have had to close branches, staffing has been under pressure […]

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Assistance available to UK businesses As the Covid-19 crisis continues to unfold, the UK government has announced a series of financial assistance packages aimed at easing the financial impact on UK businesses during the COVID-19 pandemic. The following is a breakdown of the packages introduced by the government and guidance on how to seek assistance […]

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As a result of the recent outbreak of Covid-19 the Irish Government has laid out strict rules in relation to social distancing and mass gatherings. There is a complete ban in both Ireland and the United Kingdom, amongst others, on gatherings with members outside of the immediate household. This in turn has led to companies […]

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As published in The Irish Times, April 13th 2020. Corporate Partners John Given and Andreas McConnell speak to journalist Eoin Burke-Kennedy on the call for government to make temporary changes to insolvency laws for coronavirus-hit companies. To read the full article, please click here.

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