Insolvency and Corporate Restructuring

“Ronan Daly Jermyn’s ‘responsive’ and ‘approachable’ team ‘cuts to the chase’” ― The Legal 500

Companies and their directors facing financial difficulties require legal advisors who understand the significant challenges they face; advisors with experience, an inherent curiosity to structure the best solution and a reputation for delivery.

RDJ’s insolvency and corporate restructuring team have longstanding and extensive experience of providing strategic advice to distressed companies, directors and creditors, prominent insolvency practitioners, and domestic and international financial institutions.

Our team have been involved in insolvency and restructuring matters for clients in a wide range of sectors, including the technology, healthcare, financial services, media, food and beverage, and hospitality industries. We work closely with our banking, real estate, tax, employment, debt recovery and corporate and commercial divisions, each of which has extensive experience and keen commercial insight.

Leaders in their field, our team have been recognised by both The Legal 500 and Chamber Europe for their work in the area of insolvency and corporate restructuring. Several are members of the Irish Society of Insolvency Practitioners.

Our work includes advising:

  • companies and insolvency practitioners with respect to all aspects of examinership law;
  • bankruptcy and other debt restructuring arrangements;
  • companies, their directors and insolvency practitioners in relation to liquidations to include both creditors’ voluntary and members’ voluntary winding ups;
  • credit institutions, companies and individuals in relation to debt restructuring arrangements;
  • tax advice on all aspects of restructuring;
  • financial institutions in the context of borrower default to include reporting on security held;
  • credit institutions and insolvency practitioners in relation to all aspects of receivership law; and
  • debtors in financial difficulty.

Our experience includes advising:

  • Danske Bank with respect to a very significant standstill and redemption arrangement.
  • RSM Ireland in relation to the liquidation of McGettigan Construction and related High Court proceedings.
  • Musgrave Limited and KPMG in relation to important trade receiverships.
  • Pepper Finance Corporation (Ireland) DAC on a regular basis in relation to available enforcement options particularly in the context of complex receiverships and repossession proceedings.
  • the special liquidators of Irish Bank Resolution Corporation Limited including acting for the joint special liquidators in the sale of the various loan portfolios, including in particular the Evergreen portfolio comprising loans in the region of €458 million.
  • the joint special liquidators in the context of the ongoing legacy litigation concerning former directors of IBRC and Irish Nationwide Building Society.
  • NAMA in a number of large-scale cases, including with respect to the appointment of statutory receivers, sale of distressed assets, summary proceedings, bankruptcy of debtors, examinership and winding up advises.
  • AIB, Bank of Ireland and Ulster Bank in a broad range of enforcement actions including related litigation and large-scale receiverships.
  • secured creditors in relation to the appointment of examiners to both Manley Construction Limited and Sammon Contracting Limited.
  • petitioners and insolvency practitioners in relation to the appointment of examiners over a large hotel business, restaurant/food enterprises and construction companies.

 

  • "protected our interests by dealing with complex legal and financial issues as they arose" – Chambers Europe (2021)

  • " responsive" and"approachable" team "cuts to the chase" – The Legal 500 (2019)
  • "Handles a wide range of restructuring and insolvency mandates, offering excellent regional coverage" – Chambers Europe (2019)
  • "They are easy to work with, have good technical knowledge and are always willing to go the extra mile." – Chambers Europe (2018)
  • "Ronan Daly Jermyn acts for domestic and international financial institutions, prominent insolvency practitioners, distressed companies, directors and creditors’" – The Legal 500 (2018)
  • "Strong professional, commercial and relationship management skills."Chambers Europe (2017)
  • “a versatile practitioner of expertise encompassing all issues involving distressed companies.”Chambers Europe (2016)
  • Ronan Daly Jermyn “focuses on the client.” The Legal 500 (2020)
  • ‘unparalled regional coverage with multiple office locations, its size and depth allows it to access specialist knowledge quickly and effectively. Its spread and local interaction ensures both sides of a deal are happy to work with RDJ.’ - The Legal 500 (2020)
  • (Ashling Walsh) ‘very accessible and tenacious in closing out complex matters effectively.’ - The Legal 500 (2020)

Click here for Insolvency and Corporate Restructuring insights. 

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