Insolvency and corporate restructuring in Ireland

A&L Goodbody LLP

Led by David Baxter, A&L Goodbody LLP's insolvency practice handles some of the most high-profile and complex matters in the Irish market. In addition to acting for insolvency practitioners, such as liquidators and receivers, the firm advises both creditors to insolvent companies and insolvent companies. The team's workload also includes cross-border insolvencies. Mark Traynor and Marsha Coghlan are also key partners in this practice.

Practice head(s):

David Baxter

Other key lawyers:

Mark Traynor; Marsha Coghlan

Key clients

Ambac Assurance UK Ltd

KPMG

EY

Promontoria/Cerberus

ACC

Waypoint Leasing Ireland Limited and related group companies

Ad Hoc Committee of secured lenders including BNP Paribas, Deutsche Bank, New York Life, Export Development Canada, Barings

Work highlights

  • Advising Kieran Wallace and Eamonn Richardson, joint special liquidators of IBRC, which has included dealing with litigation, creditor issues and adjudication of claims and has also involved IBRC dealing with the Statutory Commission of Investigation set up by the Irish government to investigate certain transactions between IBRC and borrowers prior to entering into liquidation in 2013.
  • Advising various Promontoria entities (who were the SPVs who purchased large portfolios of loans from various financial institutions) and subsequently Everyday Finance DAC (the entity established to buy portfolios of loans), all owned by Cerberus Capital Management, on the work-out of loan portfolios.
  • Acted as Irish legal counsel to an Ad Hoc Committee of secured lenders in connection with the scheme of arrangement of Nordic Aviation Capital DAC (the world’s largest regional jet lessor).

Arthur Cox

The team at Arthur Cox stands out for its 'impressive specialised insolvency experience'. The group advises liquidators, creditors, examiners and the Irish central bank on insolvency and restructuring. The team also advises distressed companies on restructurings, as well as assisting with the acquisition of companies in examinership. William Day leads the team, which also includes John Donald, a specialist in restructuring. Senior associates Frances Flynn and Philippa Pierse are also noted.

Practice head(s):

William Day

Other key lawyers:

John Donald; Frances Flynn; Philippa Pierse

Testimonials

‘They have impressive specialised insolvency experience spanning decades. ’

‘They provide straight-talking, unequivocal advice.’

Key clients

Committee of noteholders of Weatherford International plc

Merced Capital LLP re Ballantyne Reinsurance

Central Bank of Ireland

AcceleroGroup/Asia Pulp Paper Group

Mallinckrodt plc and its Irish subsidiaries

Grant Thornton

Ad Hoc Committee of Secured Creditors of the ETrawler unltd trading as CarTrawler

German ABL Lenders to Hertz Group, led by Credit Agricole

Beachpoint Capital Ireland Lending DAC

McKesson Europe, and its subsidiaries United Drug and Lloyds Pharmacy Group

KPMG

Work highlights

  • Advising an informal committee of senior bondholders of Weatherford International on a the proposed debt-for-equity transaction, including the proposed examinership of Weatherford to compliment separate Chapter 11 proceedings in respect of the Group’s US and Bahamian subsidiaries.
  • Advising the Central Bank of Ireland in relation to CBL Insurance Europe DAC (CBLIE) in administration with respect to petitioning the High Court for the winding up of CBLIE.
  • Advising Grant Thornton as liquidator of Summerwell Venture and Lighthouse Pacific in respect of the successful liquidator’s schemes of arrangement to restructure debts, in the amount of circa $1.1bn, of subsidiary companies of the Asia Pulp and Paper Group.

Mason Hayes & Curran LLP

Mason Hayes & Curran LLP advises on the full range of insolvency and restructuring matters, from assisting the liquidators of distressed companies to representing creditors in court actions to recover debts. In addition to representing insolvency practitioners from the Big Four accountancy firms, the practice also counts a number of financial institutions among its clients. Practice co-head Judith Riordan handles both contentious and non-contentious insolvency work, including cross-border matters, and fellow co-head Maurice Phelan frequently acts in litigation. Frank Flanagan provides 'succinct commercial advice at the right times' and David Ormsby offers a 'fresh and innovative approach to restructuring and related litigation'.

Practice head(s):

Maurice Phelan; Judith Riordan

Other key lawyers:

Frank Flanagan; David Ormsby; John Bollard

Testimonials

‘I found Maurice and the team at MHC to be clear and concise in what their advice was in each particular case. What made them stand out was the high level of work produced in the most efficient manner. In my line of work a number of different legal firms are engaged and there is usually an offset between quality and efficiency; however MHC provided both to the highest level.’

‘Having worked with Maurice Phelan on a high level case for the last couple of years I can say that I have no higher praise than to say that I have yet to come across any other partner of a legal firm who engages consistently to ensure that the matter in hand is being handled efficiently to the highest level. In addition to providing a service of the highest quality, Maurice also was shown to be polite and stern when required which is required in difficult litigation.’

‘David Ormsby is a new partner bringing a fresh and innovative approach to restructuring and related litigation. Liam Guidera is a particularly thoughtful solicitor with a dedication to client service. Extremely well liked by clients.’

‘Frank Flanagan attends to matters with almost immediate responses and has also proved extremely effective in dealing with a tricky commercial and legal issue.’

‘Frank Flanagan was approachable and provided succinct commercial advice at the right times. Colm Farrell developed a strategy that took the heat out of the litigation and identified the solution that worked best for the receivers and the secured creditor. He kept us informed and developed a commercial but economic approach to deal with the plaintiff and co-respondents.’

‘Maurice Phelan is very commercial, provides calm advice under pressure, and takes the bigger picture into account. Judith Riordan is excellent at managing tricky and complex restructuring cases.’

‘Great strength in depth. Judith Riordan is a very experienced solicitor with wide insolvency knowledge. David Ormsby is very responsive, providing good commercial legal advice. John Bollard is a smart up and coming solicitor.’

Key clients

EY

PWC

Deloitte

Mazars

Duff & Phelps

Irish subsidiary companies in the Thomas Cook Group

KPMG

Bank of Scotland plc

Bank of Ireland

McStay Luby

Ulster Bank

PTSB

Friel Stafford

Work highlights

  • Acting for the joint liquidators of the various Irish companies in the Waypoint Leasing group.
  • Acting for Export Development Canada on the examinership of Cityjet DAC.
  • Advised the directors of the Irish subsidiary companies in the Thomas Cook Group on the instructions of the Official Receiver of the Group.

Matheson

'A very strong team with a wealth of insolvency knowledge', Matheson's insolvency and restructuring practice offers a full service to clients including insolvency practitioners, distressed companies and creditors. The team is particularly active in cross-border insolvencies; its work in this area includes advising international companies entering schemes of arrangement and examinerships in Ireland, as well as the Irish creditors of foreign companies. The breadth of the team is noted as a key strength by clients; Tony O’Grady and Brendan Colgan handle the full range of matters in this practice area, while Julie Murphy-O’Connor stands out for her work in litigation. Senior associate Kevin Gahan is also noted.

Practice head(s):

Tony O’Grady; Julie Murphy-O’Connor; Brendan Colgan

Other key lawyers:

Kevin Gahan

Testimonials

‘Relationship driven partners, balance excellent technical knowledge with commercial advice, bring in other expertise from around the firm as required.’

‘Brendan Colgan is quickly developing as one of the leading insolvency/restructuring solicitors following in Tony’s footsteps, offering excellent technical knowledge but crucially backed up by excellent relationships and a commercial focus.’

‘Tony O’Grady has been for many years one of the leading go-to insolvency/restructuring solicitors in Ireland, and one of the few who has consistently been involved in all the big complex insolvency and restructuring cases.’

‘Julie Murphy-O’Connor provides excellent commercial advice, cuts to the key issues very quickly, very responsive, very strong on lender side work and receiverships.’

‘In the restructuring and insolvency team, the breath of the team is a key strength. Technically the team is very strong across various positions.’

‘Good availability, engagement and technical knowledge.’

‘A very strong team with a wealth of insolvency knowledge. ’

‘Tony O’Grady is a very experienced operator. Kevin Gahan is a proactive and diligent solicitor.

Key clients

PWC

EY

KPMG

Deloitte

Grant Thornton

BDO

Duff & Phelps

Mazars

Baker Tilly

RSM

Smith & Williamson

Russell Brennan Keane

McStay Luby

Goldman Sachs

CarVal Investors

Oaktree / Sabal / Mars

Cerberus

Work highlights

  • Acting for KBC Bank Ireland in enforcement proceedings and thereafter Ken Tyrrell as receiver over the assets of James Osborne in relation to various proceedings before the Superior Courts.
  • Advised Weatherford on the Irish aspects of its 2019 global restructuring which commenced by way of a chapter 11 restructuring process in the US and necessitated the placing of the Company into examinership in Ireland and the formulation of a scheme of arrangement in respect of the Company.
  • Advising the charge holder Gulland Property Finance DAC and Ken Tyrrell as receiver over certain assets of Aidan and Kevin Mahon.

McCann FitzGerald

McCann FitzGerald advises on matters across the spectrum of the insolvency and restructuring area. In 2020, the team received a number of instructions from distressed companies affected by the Covid-19 pandemic, particularly in the aviation, tourism and hospitality sectors, advising on restructurings. The practice is also active in the growing area of Irish companies restructuring under US Chapter 11 filings. Michael Murphy leads the team and Lisa Smyth is praised as 'commercial, technical and helpful'; both have broad expertise in this area.

Practice head(s):

Michael Murphy

Other key lawyers:

Lisa Smyth

Testimonials

‘Great local law contacts and technical skills.’

‘Lisa Smyth is commercial, technical and helpful.’

Key clients

Ken Fennell, Deloitte

Nordic Aviation Capital DAC

Asia Pulp and Paper

David Cotter, CFO, Car Trawler

National Asset Management Agency

Assured Guaranty (Europe) Plc and Assured Guaranty Corp

Kieran Wallace, Eamonn Richardson and Shane McCarthy, KPMG, partner

Hostelworld Group Plc

Paul McCann and Stephen Tennant, Litigation Receivers: Grant Thornton

Ken Tyrell and Declan McDonald, of PwC

Spicers (Ireland) LimitedPernix Ireland Limited

Luke Charleton and Andrew D’Oliver, EYGaelectric Holdings

H.I.G. Capital, Fortress Investment Group and Ken Fennell (Deloitte)

Work highlights

  • Advised Nordic Aviation Capital, the world’s largest regional aircraft leading company, on an Irish scheme of arrangement to tackle its $6 billion of debt in the face of the Covid-19 crisis.
  • Advised CarTrawler on a controlling equity investment made in the client by TowerBrook Capital Partners L.P., an international investment management firm.
  • Advising the Official Liquidator of Custom House Capital Limited (in liquidation) on all aspects of a high-profile liquidation where over €55m of client assets were misappropriated.

William Fry

William Fry is active in insolvency and restructuring matters in sectors including aviation, manufacturing, financial services, and retail. The team's clients include international and Irish companies, insolvency practitioners, and creditors. Practice head Fergus Doorly is particularly active in cross-border restructurings and is 'approachable, practical and commercial', while Ruairi Rynn is also 'excellent technically with sound commercial judgement'. Craig Sowman is another key partner in the team who frequently acts for some of the most prominent insolvency practitioners in Ireland. At associate level, Niamh Cacciato, Alice O’Connor, and Rebecca Martyn are the key names.

Practice head(s):

Fergus Doorly

Other key lawyers:

Ruairi Rynn; Craig Sowman; Niamh Cacciato; Alice O’Connor; Rebecca Martyn

Testimonials

‘I regularly instruct Craig Sowman because I know regardless of the case, he will ensure I am really well advised. I particularly try to instruct him on difficult cases. The advice is always clear with commercial pragmatism. There are no delays in reverting despite competing assignments. He will always tell you what he thinks which I think is invaluable and he gets to what’s important very quickly. A really safe pair of hands and for an understated guy, one of the most knowledgeable.’

‘We recently dealt with Fergus Doorly as part of a complex assignment. Fergus excels at being able to distil significant volumes of information into clear points for consideration, in order to make decisions on key issues. I found Fergus’ ability to provide concise recommendations underpinned by strong legal rationale to be very useful in determining whether additional legal action would be necessary. As a partner, he always made himself available at short notice when required, and we found his response times to be exemplary.’

‘Fergus Doorly offers clear and contextualised advice to help clients navigate complex matters of Irish law. He is friendly, unflappable and works collaboratively with co-counsel from other jurisdictions.’

‘Fergus Doorly is very capable and proactive with an approachable manner. Ruairi Rynn is excellent technically with sound commercial judgement. Craig Sowman is tenacious and able to engage co-operatively with clients.’

‘The William Fry team are very experienced and have the professional expertise to advise on the most complex insolvency and corporate restructuring projects.’

‘The William Fry team has strength and depth. They are very approachable and provide consistently reliable advice. The stand-out partners are Fergus Doorly, Ruairi Rynn and Craig Sowman. ’

‘Full suite of legal offering. Matters which traverse into other legal areas property, employment law, data protection, healthcare – not an issue. Really good at ensuring project advancement internally. Really good and collaborative in terms of joined up thinking which is important where competing interests arise. Quality of associates is excellent also. There is no concern if a partner is out as the team has really broad experience from the number of on-going mandates.’

‘Fergus Doorly is approachable, practical and commercial with a wealth of experience to draw on. Craig Sowman is a strong insolvency solicitor with good sector knowledge. Ruairi Rynn is a good operator offering practical commercial advice.

Key clients

Allied Irish Banks, p.l.c.

Bank of Ireland

Barclays Bank (Ireland)

Ulster Bank

National Asset Management Agency

KPMG

EY

PwC

Baker Tilly

Grant Thornton

Debenhams

Ballantyne Re Plc

Pointwell Limited

Montrose Global Aircraft Leasing Limited and subsidiaries

Baker Tilly Baker

Work highlights

  • Advised the examiner (administrator) of Weatherford International Plc, a company listed on the NYSE, on the restructuring of $8bn of Weatherford’s liabilities.
  • Advised a member of the Skillsoft Corporation on a complex restructuring of multibillion-dollar loan facilities.
  • Acted for David Hughes and Alan Bloom of EY, the joint administrators of Nortel Networks (Ireland) Limited, on the major restructuring of debt of over $2bn.

Beauchamps LLP

Beauchamps handles matters including examinerships, liquidations, and receiverships. Practice head Barry Cahir is particularly active in advising on the Irish aspects of the restructurings and insolvencies of international companies. The team also advises a number of financial institutions on transactions involving distressed assets and non-performing loans. Associate Simon Murphy provides additional support.

Practice head(s):

Barry Cahir

Other key lawyers:

Simon Murphy

Testimonials

‘Beauchamps’ insolvency and corporate restructuring team clearly demonstrated competence, capability and experience. Their no-nonsense approach was important to our business. Fees were reasonable and justified.’

‘Barry Cahir is a steady hand to guide clients through what can be difficult processes. His is straight talking and, while his advice is commercially driven, he does not shy away from the technical. He clearly operates with his client’s interests in mind.’

‘The team have great technical knowledge, and are very practical in applying this to their advice. ’

‘The availability of senior members of the team is a huge plus. ’

Key clients

CityJet DAC

Warehouse Fashion Ireland Limited

Oasis Fashions Ireland Limited

Aldo Shoes Ireland Limited

Aldo Group

Le Pain Quotidien

Colony Capital (Dengrove DAC)

Compu B

Stormfront

AIB, Ulster Bank, PTSB, Cerberus, Goldman Sachs, Link ASI, Pepper, Oaktree

Work highlights

  • Acted for CityJet when it was forced to seek the protection of the Court in order to negotiate a restructuring with its creditors through examinership.
  • Acting for David O’Connor of BDO as court-appointed examiner of companies within the Compu B Group (the Group).
  • Advised Oasis and Warehouse on their decisions to seek the appointment of provisional liquidators on the back of the appointment of administrators to the Group in the UK.

ByrneWallace LLP

Led by John Fitzgerald, ByrneWallace LLP has a well-established practice in restructuring and insolvencies. The team is particularly noted for its work on matters with cross-border elements, including assisting Irish creditors with insolvencies in foreign jurisdictions and acting in challenges to restructuring proceedings under European law. Senior associate Sean Neville is another key contact in the team.

Practice head(s):

John Fitzgerald

Other key lawyers:

Sean Neville

Testimonials

‘Prompt and efficient service. Always available whenever required.’

‘Very pragmatic and commercial advice.’

‘John Fitzgerald is a top insolvency solicitor who provides excellent commercial and value for money advice across a range of insolvency and restructuring matters.’

Key clients

Monsoon Accessorize fashion

Martin Ferris, Liquidator of Kendar Holdings Limited (In Liquidation)

Myles Kirby (as Official Liquidator of MPS Global Limited (In Liquidation)

Thomas N. Forkan Limited (In Liquidation)

Work highlights

  • Acted for Monsoon Accessorize in relation to two linked Commercial Court challenges to its English law CVA by Irish landlords and also in relation to the restructuring of its Irish trading business, culminating in an application to have a provisional liquidator appointed.
  • Acting for a private equity fund on the workout of NPL portfolios relating to several thousand borrower connections, trading businesses and real property assets with a par value of well in excess of €1bn.
  • Acted for a UK client with a business in Africa in relation to a contractual dispute with an Irish registered counterparty which included representing the client in bringing a winding-up petition which ultimately settled a favourable outcome for the client.

Dillon Eustace

Offering clients 'the combination of good partner access with the strength and depth to handle the big jobs', Dillon Eustace handles insolvency matters for major US funds, leading insolvency practitioners, and domestic Irish financial institutions. Practice head Jamie Ensor has a varied practice and is 'commercially savvy'.

Practice head(s):

Jamie Ensor

Testimonials

‘For its size, the Dillon Eustace insolvency team seems to consistently punch above its weight when it comes to the clients they have and the profile of cases they are involved in. We see that they are not just one of the go-to firms for us but also for a number of our instructing NPL/charge-holder clients. The combination of good partner access with the strength and depth to handle the big jobs is particularly strong. They are strong in other areas like banking, funds, tax, commercial litigation, commercial property etc, which can be brought into a big job if needed.’

‘What makes them stand out would be the combination of good partner access and the expertise down through the rest of the team to handle the big and complex jobs. Jamie Ensor is very experienced and commercially savvy.’

Key clients

AIB

Cyber Group Studios

Credit Suisse

BNY Mellon

Deutsche Bank Trust Company America

PwC

NAMA

Mazars

E&Y

Deloitte

Grant Thornton

RSM Ireland

Lapithus

Crowe Ireland

Baker Tilly

RDI REIT plc

Pepper Asset Servicing

Smith & Williamson

McStay Luby

KPMG

Aidan Garcia Diaz

John Healy (Kirby Healy)

Myles Kirby (Kirby Healy)

Martin Ferris and Patrick McCoy

Tanager Limited

Seaconview Limited

Havbell Limited

Havbell No. 2 Limited

Frontier Capital

AIG (New York)

Work highlights

  • Acting for Deutsche Bank Trust Company Americas in its capacity as indenture/security trustee for several series of unsecured notes totalling approximately $7.4bn in the examinership of Weatherford International.
  • Acting for Sarah-Jane O’Keeffe as examiner of Eastern Seaboard Bar & Grill and Eastern Seaboard Industries.
  • Acting for the joint receivers and managers appointed over the operating companies in relation to O’Donoghues Pub on Suffolk Street, Dublin 2.

Eugene F. Collins

Eugene F. Collins has a well-established insolvency and restructuring practice across sectors including education, retail, financial services, and logistics. The practice is particularly active in cross-border matters. Practice head Doug Smith is highly experienced in this area; he serves on the Company Law Advisory Group, a statutory body tasked with providing feedback on company law to the Minister for Business, Enterprise & Innovation. Smith has recently been involved in advising on the impact of the Covid-19 pandemic on the insolvency and restructuring sector. Senior associate Jonathan Lynch is another key contact in the team.

Practice head(s):

Doug Smith

Other key lawyers:

Terry Leggett; Jonathan Lynch

Testimonials

‘Certainly in the top tier of restructuring advisers in Ireland with a long track record of producing top quality restructuring advisers and a reputation for good, practical and commercial advice.’

‘We recommend Doug Smith.’

Key clients

PwC – Declan McDonald

KPMG – Kieran Wallace, Eamonn Richardson

Deloitte – Tom Kavanagh, Ken Fennell, David Van Dessel

Ernst & Young – Luke Charleton

Grant Thorton – Paul McCann and Michael McAteer

BDO – Jim Hamilton and David O’Connor

RSM Ireland – George Maloney

Duff & Phelps – Declan Taite, Anne O’Dwyer

McStay Luby – Jim liby and John Mcstay

Kirby Healy – Myles Kirby

Ferris & Associates – Martin Ferris

Baker Tilly Hughes Blake – Dessie Morrow

Somers, Murphy & Earl – Derek Earl

GSW – Michael Sargent

Cold Move

Work highlights

  • Acting for the liquidator in relation to the realisation of assets and creditors claims of The Headfort School DAC.
  • Advising the company in relation to the successful application to appoint an examiner to Cold Move Dublin Limited.
  • Representing a concessionaire in relation to substantial contractual claims against Debenhams arising as a consequence of the liquidation.

Eversheds Sutherland

Led by Norman Fitzgerald, Eversheds Sutherland's restructuring and insolvency team has a varied practice handling contentious and non-contentious work. In addition to acting for examiners, receivers, and liquidators, the practice acts for creditors including many major domestic and international banks. The practice has also been involved in a number of cross-border matters. Neil O’Mahony is another highly experienced practitioner and Steve Rodgers is active in restructuring banking and finance transactions. Senior associate Barbara Galvin has recently advised on a number of liquidations and examinerships.

Practice head(s):

Norman Fitzgerald

Other key lawyers:

Neil O’Mahony; Steve Rodgers; Piaras Power; Barbara Galvin

Testimonials

‘The Eversheds Sutherland insolvency and corporate restructuring practice is a highly experienced and trusted commercial adviser to insolvency practitioners such as ourselves. We have found them to be very accessible and commercial in their approach.’

‘Neil O’Mahony and Norman Fitzgerald are the two main partners in this area that we deal with. Both have delivered for us on a number of cases that we have worked with them and we would regard them as highly trusted advisers in any insolvency related litigation.’

‘Eversheds bring a commercial approach to finding legal solutions.’

Key clients

Citibank

Insolvency Service of Ireland

KPMG

ACCLM / Rabobank /Link

Allied Irish Banks p.l.c.

Bank of Ireland

BDO

Cairn Homes Plc

Deloitte

Deutsche Bank AG, Deutsche Bank, London Branch

Ernst & Young

Grant Thornton

Hibernia REIT

KBC Bank

NAMA

PwC

Ronan Real Estate Group

Ulster Bank / RBS

JW Accountants

Duff & Phelps

Work highlights

  • Acting for Citibank Group in the examinership of the Weatherford group.
  • Advising KBC on all pre-receivership appointment matters.

Maples Group

Maples Group is noted for its work for financial institutions, handling enforcement and litigation proceedings related to distressed loans and assets. The team also acts for both insolvency practitioners and companies in examinerships and receiverships. Robin McDonnell leads the practice and 'delivers a great service'. Associate Karole Cuddihy is another name to note.

Practice head(s):

Robin McDonnell

Other key lawyers:

Karole Cuddihy

Testimonials

‘We value the hands-on role taken by senior staff at partner level who are contactable 24/7 if required. Always willing to assist in the practical issues of finding other solicitors to swear documents which makes the client’s life easier.’

‘We worked with Alan O’Sullivan and Karole Cuddihy. Their level of detail in litigation/affidavits is above anything I have seen from other firms. The speed they turn around things is also well ahead of their competitors so it’s very obvious they work hard and do long hours. They also make less mistakes in the paperwork.’

‘Maples are among the top firms in the insolvency market. They have a wide and deep expertise among their lawyers and they are involved in most of the high-profile, difficult assignments in the Irish market.’

‘Robin McDonnell is a great partner and client liaison. He knows what clients wants and he delivers a great service. Karole Cuddihy is a really excellent litigator. His drafting and correspondence is brilliant and he has really valuable insights on strategy and tactics. I rate him as one of the very best insolvency solicitors in Ireland.’

Key clients

Michael McAteer and Paul McCann of Grant Thornton, in their capacity as the Joint Official Liquidators of Treasury Holdings and 15 related companies

Shaw Academy Group

Allied Irish Banks, p.l.c.

Ken Tyrrell of PwC, in his capacity as receiver appointed to Dublin Land Securities Limited

Pepper Asset Servicing

Myles Kirby

Hudson Advisors

Freddie White of Grant Thornton, in his capacity as the Liquidator of Enterprise Insurance Company plcNoHaughton & Young Limited

Work highlights

  • Acting for Michael McAteer and Paul McCann of Grant Thornton, in their capacity as the Joint Official Liquidators of Treasury Holdings and 15 related companies.
  • Acted for the Shaw Academy group in its examinership.
  • Acting for Allied Irish Banks in a range of enforcement and litigation matters.

Ronan Daly Jermyn

Ronan Daly Jermyn's varied insolvency and restructuring practice acts for insolvency practitioners acting as liquidators, receivers and examiners. The practice also advises distressed companies and creditors. Active in cross-border insolvencies, the firm's partnership with Northern Irish firm McKees allows it to offer an all-island service. Practice head Ashling Walsh is experienced in acting for financial institutions, and is noted for her 'deep knowledge and expertise', while solicitor Michael Quinlan is 'a polished operator'.

Practice head(s):

Ashling Walsh

Other key lawyers:

Ricky Kelly; Michael Quinlan

Testimonials

‘Michael Quinlan is a polished operator.’

‘Ashling Walsh and her team go above and beyond to assist with any legal queries. Always available to provide helpful insight and assistance who provide valuable expertise.’

‘Ashling Walsh brings deep knowledge and expertise to insolvency assignments and is always a pleasure to work with.’

‘The team at RDJ are really making a name for themselves in the insolvency market. They have good quality clients and are involved in some of the biggest insolvency cases. They are particularly strong on professional negligence and insurance claims with an insolvency aspect.’

‘Michael Quinlan is a really strong lawyer. His drafting and legal knowledge is excellent and he combines that with really good client service. Michael is a really good lawyer.’

‘Responsiveness is of paramount importance in contentious insolvency work, RDJ are well ahead of the competition in this area.’

‘In addition to their undoubted technical expertise, I have found the RDJ team to be personable, practical and easy to work with – important qualities when dealing with collaborative matters. Michael Quinlan is a rising star in the areas of insolvency and litigation.’

Key clients

RSM Ireland

Bank of Ireland

Pepper Finance Corporation (Ireland) DAC

KPMG

Planet 21 Communications

Lugus Capital DAC

Deloitte

EY

IBRC

Work highlights

  • Acting for IBRC in High Court proceedings issued by two former borrowers who had loans with Irish Nationwide Building Society.
  • Advising Pepper on the enforcement options available to it with respect to a significant number of its secured real property assets and, in particular, with respect to the appointment of receivers over the said secured assets and on objecting to well charging proceedings.
  • Advising the liquidator on a number of matters in relation to the liquidation of McGettigan Construction (in receivership and in liquidation) including applications for directions in respect of the receivership and advising on an application for restriction and disqualification of directors.

Walkers

Walkers stands out for its work in cross-border matters, including handling the Irish aspects of global restructurings and insolvencies. The practice also represents a number of Irish insolvency practitioners acting as liquidators and receivers, as well as advising distressed companies on their options. Gavin Smith leads the practice, and has considerable experience in this area. William Greensmyth is also noted for his work in both corporate and personal insolvencies.

Practice head(s):

Gavin Smith

Other key lawyers:

William Greensmyth

Key clients

Kieran Wallace and Eamon Richardson of KPMG in their role as special liquidators of Irish Bank Resolution Corporation Limited (formerly Anglo Irish Bank)

CBL Insurance Limited (In Liquidation)

The Hertz Corporation

Apperley Investments Limited, Martina Investments Limited and Tailwind Investments Limited t/a The Town Partnership

National Asset Management Agency

Russell Smith and Niall Goodsir-Cullen of BDO CRI (Cayman) Ltd., the Principal Liquidators of Herald Fund SPC (In Official Liquidation)

Directors of LK Bennett Ireland Limited

Myles Kirby, Kirby Healy, liquidator of The Belfry UK Properties Group

Allied Irish Banks, p.l.c.

Aengus Burns, Partner, Grant Thornton – Liquidator, Harley Mechanical Services Limited (in Liquidation)

Aengus Burns – Liquidator, German HBT Securities (Ireland) Limited

Aengus Burns – Liquidator, Turner’s Printing Company Limited

Aidan Garcia, Liquidator of Clonliffe Healthcare Limited (in liquidation)

Eamonn Richardson, Liquidator, Dingle Brewing

Work highlights

  • Providing Irish insolvency advice to the liquidators of a New Zealand insurance entity in relation to preference claims against an Irish entity (in administration).
  • Acted for the landlord of a prestigious premises located in Dublin’s prime retail area, Grafton Street, where the tenant, Monsoon Accessorize Limited, a UK entity, had undertaken a company voluntary arrangement in the UK.

AMOSS Solicitors

AMOSS Solicitors acts for insolvency practitioners, creditors, debtors and shareholders. Gavin Simons leads the insolvency and restructuring practice, and also heads up the dispute resolution team.

Fieldfisher

Fieldfisher acts for receivers, examiners, official assignees and liquidators in contentious and non-contentious insolvency and restructuring matters. The firm also advises stakeholders such as banks, creditors and debtors. Mark Woodcock heads the practice.

Practice head(s):

Mark Woodcock

Other key lawyers:

Joanne Cooney

Testimonials

‘The insolvency team are extremely thorough, knowledgeable and well-prepared for advisory and litigation work alike.’

‘Mark Woodcock takes an active role in cases and has a keen eye for good strategy. He has considerable experience in all areas of insolvency law in Ireland, including receiverships, examinerships and liquidations.’

‘They have a strong team with solid experience in personal insolvency as well as corporate insolvency leading to deep technical skills applicable across the range of litigation and advice carried.’

‘Mark Woodcock and his team have retained me as counsel for many years. Mark is a leading lawyer in Dublin insolvency circles, and his team benefit from his long-standing expertise in this area. He is very client focused, and doesn’t shy from a fight. Joanne Cooney is a rising star on the team who has established herself well, particularly in the area of bankruptcy.’

‘Partner-led, prompt and experienced advisors.’

‘Mark Woodcock leads out the team. He is experienced, knowledgeable, a calming influence, and takes a personal interest in assignments.’

‘A strong restructuring team with good experience and market profile.’

‘Mark Woodcock is a very experienced insolvency solicitor who is adept at managing contentious cases.’

Key clients

The Bank of Ireland

The Insolvency Service of Ireland (ISI)

Baker Tilly

KBC Bank plc

RSM

The National Asset Management Agency (NAMA)

KPMG

Friel Stafford,

Dublin Food Services Limited

Somers, Murphy and Earl

Work highlights

  • Advising Neil Hughes as examiner of PBR Restaurants Limited in overcoming differences between the company’s directors, completing the investment process and preparing a successful scheme of arrangement.
  • Advising Jim Stafford as examiner of Melbourne Healthcare Limited in a unique situation whereby the failure to finalise a scheme of arrangement within the protection period did not result in the winding up of the company.
  • Acting on behalf of the Official Assignee in investigating a complex bankruptcy estate, the unravelling of a complicated corporate structure involving numerous asset transfers and ultimately negotiating a multimillion-euro settlement.

Hayes Solicitors LLP

Hayes Solicitors LLP is known for its work for creditors in enforcement proceedings against distressed borrowers, and also acts for insolvency practitioners from the Big Four accountancy firms in contentious and non-contentious matters. Practice head Joe O’Malley is 'an excellent lawyer', and one insolvency practitioner praised the team as 'superb when it comes to complex and contentious insolvencies'. Litigator Jeremy Erwin 'provides a very high level of service'.

Practice head(s):

Joe O’Malley

Other key lawyers:

Jeremy Erwin

Testimonials

‘The team at Hayes are superb when it comes to complex and contentious insolvencies. They have great depth in the team. They have that elusive quality that all clients want in their lawyers – they win cases.’

‘Joe O’Malley is an excellent lawyer. He knows litigation and the court system backwards. He has a great ability to assess the merits of a case and to predict how it will play out. He is really good on strategy. Michael Kelly is a top lawyer. His drafting and paperwork is first rate and his input on strategy is very valuable.’

‘I find Hayes very good for dealing with more senior people in their firm, eg I end up speaking with a partner a lot more than I would with other firms when I might be dealing with more junior members of the team. I believe this speeds up the strategy/solution as the strategy can be debated quickly and a decision can be made on the call as opposed to delays in seeking approval from the partner who isn’t on the call. I also find them very responsive when compared to some of their competitors.’

‘I work a lot with Jeremy Erwin. I firmly believe Jeremy provides a very high level of service and is extremely knowledgeable in our service area. I find Jeremy very practical whereby he offers solutions to the problems instead of just offering problems like some of the other firms in this area.’

‘A very hands on responsive and knowledgeable team.’

‘Jeremy Erwin is responsive and proactive, with a good balance of technical legal knowledge paired with sound commercial advice.’

‘Joe O’Malley is a first class litigation solicitor.’

Key clients

AIB

Baker Tilly Ireland

Bank of Ireland

CarVal Investors

Cerberus/Promontoria

Close Brothers Finance Limited

Deloitte

Duff & Phelps

Everyday Finance DAC

Goldman Sachs

Grant Thornton

KPMG

Mars Capital

Mazars

NAMA

Pepper Asset Servicing

Smith & Williamson

PwC

Kirby Healy Chartered Accountants

Work highlights

  • Acting for the National Asset Management Agency in relation to the ongoing defence of proceedings taken by John Morrissey, a former Dublin-based property developer, and his wife.
  • Advised the liquidator of Galtee Fuels on the implications of the sale of a valuable debtor book to a third party.
  • Acting for the liquidator of Dominar in a High Court application brought against him by a shareholder.

Lavelle Partners

Lavelle Partners acts for distressed companies in assessing their options, such as the appointment of examiners and petitions for liquidation, and also advises insolvency practitioners in their roles as liquidators. In addition to its advisory work, the firm has a 'wealth of experience in insolvency litigation', with practice head Michael Lavelle having decades of experience in this area.

Practice head(s):

Michael Lavelle

Testimonials

‘The senior insolvency partner has very significant insolvency experience, combined with clear communications and commercial acumen makes for excellent advice.’

‘Significant specialised insolvency experience and clear communications.’

‘The team at Lavelle Partners are among the very best when it comes to strategy. They have a wealth of experience in insolvency litigation.’

‘Michael Lavelle is excellent on litigation strategy. He has a great ability to identify good cases and how they will play out.’

Key clients

Caritas Convalescent Centre DAC

Maximum Media Network Limited

Work highlights

  • Acting for the Maximum Media Network Limited in relation to the appointment of an examiner in May 2020.
  • Acted for Caritas Convalescent Centre DAC in relation to a High Court petition to liquidate Caritas and an application to appoint joint provisional liquidators to Caritas.

LK Shields Solicitors LLP

LK Shields Solicitors LLP’s restructuring and insolvency practice is increasingly active in advising officeholders of distressed companies on matters including debt restructuring and the sale of distressed assets. The firm also advises fixed and floating charge receivers on contentious and non-contentious matters. The practice is led by Jill Callanan, with Ruairi Mulrean another key partner in the team.

Practice head(s):

Jill Callanan

Other key lawyers:

Ruairi Mulrean

Key clients

PwC

Deloitte

McStay Luby

Ernst & Young

KPMG

Work highlights

  • Acting on an ongoing basis for a number of fixed and floating charge receivers appointed over extensive commercial properties and portfolios, residential properties and entire company undertakings.
  • Acting for the secured lender and fixed-charge receiver appointed to certain assets of Bryan and Derek McGuinness in the Irish High Court proceedings issued by Bryan and Derek McGuinness against both the receiver and the chargeholder.