Insolvency and corporate restructuring in Ireland

A&L Goodbody

A&L Goodbody handles large-scale insolvency and restructuring matters, including those with cross-border elements. Recent work includes advising Ambac Assurance UK on the restructuring of Ballantyne Re, which established a precedent for Irish schemes of arrangement. The team is also acting for the special liquidators of IRBC on high-profile and long-running liquidation. The practice is led by David Baxter, and also includes Mark Traynor, a specialist in commercial litigation. Marsha Coghlan is also active in significant restructurings.

Practice head(s):

David Baxter

Testimonials

‘Excellent team dynamic across various disciplines, including restructuring and debt capital markets.’

‘David Baxter is a stand-out restructuring partner, technically excellent, he also has good commercial judgement. Ciaran Rogers is a superb finance partner, responsive and user-friendly.’

Key clients

KPMG

EY

Promontoria

Work highlights

  • Advised Ambac Assurance UK Limited on a landmark Irish law scheme of arrangement, which included the restructuring of $1.65bn of New York law-governed notes issued by Ballantyne Re plc, an Irish incorporated reinsurance vehicle and guaranteed by Ambac.
  • Assisting various Promontoria entities, ultimately owned by Cerberus Capital Management, with matters related to their portfolios of loans.
  • Acting for KPMG on its role as the special liquidators of Irish Bank Resolution Corporation, formerly Anglo-Irish Bank.

Arthur Cox

Headed by the 'vastly experienced and universally respected' William Day, Arthur Cox's restructuring and insolvency practice is involved in several of Ireland's most high-profile matters in this space. In 2019, it acted for Merced Capital on the restructuring of Ballantyne Re, one of the most complex restructurings of the year. The firm also has close ties to Grant Thornton, representing it in a number of liquidations and examinerships. The team's 'strong bench of high-quality, innovative, commercially focused, "can do" lawyers' also includes John Donald, and associates Frances Flynn and Philippa Pierse.

Practice head(s):

William Day

Testimonials

‘As a team, they are practical, commercial and available. They are very easy to work with and give you great confidence – not afraid to roll up the sleeves.’

‘A strong bench of high quality, innovative, commercially focused, “can do” lawyers sets them apart from the competition.’

‘The practice has very considerable depth of knowledge and experience that is enormously helpful in ensuring a whole project impact is provided/addressed by the Arthur Cox team.’

‘Willie Day is definitely the “go-to” solicitor for insolvency matters. He is both commercial and approachable and it is great to have him by your side in a difficult situation.’

‘The vastly experienced and universally respected Willie Day is the “go-to” Dublin lawyer for complex cross-border restructurings. Laser focused on delivering solutions, this is the guy you want in your corner when the going gets tough.’

‘I find the individual team members that represent our interests within Arthur Cox are extremely competent, experienced, knowledgeable, very well networked and very importantly client focused and responsive.’

Key clients

Merced Capital

Grant Thornton

Arcadia Group

Credorax

Central Bank of Ireland

Patrick Horkan

KPMG

PricewaterhouseCoopers

UBS Real Estate Securities

Work highlights

  • Advising Merced Capital, the largest creditor of Ballantyne Reinsurance, on a successful scheme of arrangement that involved the restructuring of $1.65bn of notes.
  • Advising Grant Thornton as liquidators of Openhydro Group and Openhydro Technology, manufacturers of wave energy turbines with operations in France, Scotland, Canada, Japan, Ireland and the Channel Islands.
  • Acting for Patrick Horkan of KPMG as the examiner of three construction companies in the Vision Built Group of companies, one of which was English but which had its centre of main interests in Ireland.

Mason Hayes & Curran

Mason Hayes & Curran is heavily involved in matters involving non-performing loans and distressed assets. In a particular highlight, the firm is acting for Permanent TSB on the sale of €2.2bn of residential loans. The firm also assisted with complex receiverships and examinerships. The practice is led by Maurice Phelan and the 'brilliant' Judith Riordan. The team also includes Gareth Steen, 'a very strong' lawyer who is active in all areas of restructuring and insolvency, recently promoted partner David Ormsby, and Frank Flanagan, who successfully defended Permanent TSB in litigation related to a loan sale.

Practice head(s):

Maurice Phelan; Judith Riordan

Testimonials

‘The Mason Hayes & Curran insolvency & restructuring team adopt a no nonsense practical approach to complex problems and are competitive on fees. While all partners are excellent in the area of insolvency & restructuring, each of the three partners has their own area of expertise & specialism which is very helpful.’

‘I find Mason Hayes & Curran unique in that they balance an assertive style with very carefully considered legal advice. They are excellent at anticipating problems and steering around those.’

‘Declan Black is a superb lawyer. He is one of the leading litigators and insolvency lawyers in Ireland.’

‘Judith Riordan is a brilliant lawyer. Her writing and drafting is top quality. She is very responsive and carefully listens to clients. Her advice is always really well considered.’

‘Gareth Steen is a very strong insolvency lawyer. He knows the law and the courts system backwards and he knows how to handle tough cases and difficult opponents.’

‘Maurice Phelan, Judith Riordan & Gareth Steen work very closely as a team and there is a consistent level of quality, engagement and expertise no matter which partner we work with on our engagements with MHC.’

Key clients

PricewaterhouseCoopers

Carlo Tassara Assets Management

KBC Bank Ireland

Allied Irish Banks plc

EY

Deloitte

Dixons Carphone

Grant Thornton

Bank of Scotland

Ulster Bank Ireland DAC

Work highlights

  • Advising Permanent TSB on the sale of a significant portfolio of distressed loans.
  • Assisted Dixons Carphone with a strategy to wind-down its Irish mobile telephone network while preventing its Irish customers from a sudden loss of service.
  • Represented ACC Loan Management in a dispute in the Supreme Court relating to an issue concerning receivers by way of equitable execution.

Matheson

Matheson's insolvency and restructuring practice, which provides 'strong, practical, commercial advice', has been kept busy handling a number of high-stakes cases in the space, particularly for international clients. The practice is advising on a number of examinerships and receiverships, and represented Breccia in contentious proceedings arising from a shareholder dispute. It is also active in cross-border matters, recently acting for two Hungarian companies in a contractual dispute with an Irish company related to services rendered in Belgium and Denmark. Practice head Tony O’Grady has 'unrivalled experience and respect in this field', while Brendan Colgan is 'extremely technically proficient and effective'. Julie Murphy-O’Connor is experienced in contentious insolvency matters.

Practice head(s):

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

Testimonials

‘They have great depth in their team and many resources to deal with difficult and challenging situations.’

‘The team I deal with in Matheson are very capable and professional. Most importantly, when the situation requires it, they are available at short notice to participate on calls, meetings etc. where appropriate.’

‘The Matheson team provide strong, practical, and commercial advice in the area of insolvency and corporate restructuring with a strong team skilled in all areas. Matheson is accessible and approachable with complex queries and provide senior leadership support to their clients.’

‘We have used Matheson’s insolvency team for many years and we have been consistently impressed with their commerciality, service and professionalism. Clearly expert in the legal field they also bring real practically and tactical nous to every piece of advice.’

‘The Matheson team act in a very collegiate manner, which results in a collaborative approach between individuals and teams within the firm and provides a very positive experience to me as a client.’

‘We deal with Brendan Colgan and Tony O’Grady. Brendan is extremely technically proficient and effective, whilst Tony has unrivalled experience and respect in this field.’

‘Matheson’s insolvency and corporate restructuring team are approachable and deliver excellent customer service in their engagements. Senior associates and partners are always available to deal with client queries and provide strong and reliable advice throughout engagements.’

‘Brendan Colgan is my main point of contact at Matheson. He has got an unbelievable work ethic and is very practical in his approach. His ability to remember specific detail on complex litigation is impressive.’

Key clients

PricewaterhouseCoopers

EY

KPMG

Deloitte

Grant Thornton

BDO

Duff & Phelps

Mazars

Baker Tilly Hugh Blake

RSM

Smith Williamson Freaney

Work highlights

  • Acted for Hungarian companies, K- Power Benelux and ER Energy, in a contractual dispute involving withholding of funds by an Irish counterparty, Randridge International Limited, for invoiced construction services rendered in Belgium and Denmark.
  • Representing George Maloney, appointed by NAMA as statutory receiver over certain assets of Fleming Construction Company (in Receivership), notably a large development in Dublin.
  • Acting for KBC Bank Ireland plc in enforcement proceedings and thereafter Ken Tyrrell as receiver over the assets of James Osborne in relation to various proceedings before the Superior Courts.

McCann FitzGerald

McCann FitzGerald is particularly active for corporations seeking to carry out restructurings in Ireland, recently acting for the Asia Pulp and Paper Group, incorporated in Indonesia, on its restructuring through Irish schemes of arrangement. The team also advised Pernix Therapeutics and its Irish subsidiary on its refinancing and restructuring. The team, which is headed by Michael Murphy, has 'immense knowledge in this area'. Lisa Smyth advises on all aspects of restructurings and insolvency, and acts extensively for Nama. Associate David O’Dea is also noted; he advised Assured Guaranty on Ballantyne Re's scheme of arrangement.

Practice head(s):

Michael Murphy

Testimonials

‘The McCann Fitzgerald team along with the corporate team worked really effectively for us in what was a challenging transaction.’

‘Michael Murphy has immense knowledge in this area, and guided us through the process with both realism and expertise.’

Key clients

Deloitte

Asia Pulp and Paper

National Asset Management Agency

Assured Guaranty

KPMG

Hostelworld

Grant Thornton

OpenHydro Group

Coast Group

PricewaterhouseCoopers

Pernix Ireland

Gaelectric Holdings

Work highlights

  • Advising the Asia Pulp and Paper Group, a company incorporated in Indonesia, on the restructuring of over $1bn of debt through Irish schemes of arrangement
  • Acting for the UK parent of the Coast Group, Coast Holdings, on the Group’s proposed restructuring and, particularly, the impact on its Irish subsidiary, Coast Stores Ireland.
  • Advised the National Asset Management Agency on the sale of its portfolio of Northern Irish loans and security.

William Fry

Led by the 'brilliantFergus DoorlyWilliam Fry handled a wide range of insolvency and restructuring matters in 2019. Ruairi Rynn, an 'excellent insolvency solicitor', acted for Ballantyne Re on its restructuring, and the 'top-notch' Craig Sowman handled cross-border work including acting for French company Naval Energies on the liquidation of the OpenHydro Group. The firm is also active in the retail space, advising Debenhams on its refinancing and restructuring and acting for Deloitte as liquidators of Karen Millen Ireland. Senior associate Niamh Cacciato is another name to note.

Practice head(s):

Fergus Doorly

Testimonials

‘Top expertise and outstanding service in complex insolvency and corporate restructuring worldwide.’

‘A very strong insolvency and corporate restructuring team – with a full service firm to drawn on as the needs of the case dictates. Extensive credentials across all formal insolvency types and in a number of sectors.’

‘Our experience of William Fry is very positive. They are engaged on all our big mandates unless conflicted. The go-to big 5 firm for contentious matters. Team strengths are the depth in resources, excellent advice coupled with practical application – you really get a sense of reassurance particularly in contentious matters. They can pull in advice from non-insolvency areas and the one-stop-shop approach works really well where time constraints exist. You know that the mandate matters to them and they will work unashamedly to get the desired outcome. Market leading big 5 firm.’

‘I found the team very knowledgeable on all aspects of the transaction which given the ground breaking nature of the deal was very reassuring to me as a client. The team were responsive to all requests, kept us informed of all major developments and worked well with all of the other professionals involved in the transaction. They covered well for each other and gave a real sense of working as a team.’

‘Fergus Doorly is a very experienced insolvency and litigation solicitor. Highly regarded in the sector. Strong communication skills with a straightforward manner. A trusted advisor with extensive knowledge of pertinent case law. Craig Sowman is technical and efficient yet very approachable. He provides clear concise advice always focusing on the key issues and with excellent attention to detail. He is proactive and pragmatic. Ruairi Rynn is an excellent insolvency solicitor. Very commercial, focuses on the key issues quickly and very responsive. He has the ability to explain and deal with complex issues and to develop innovative solutions.’

‘Fergus Doorly is a brilliant lawyer. Fergus thinks carefully about cases, the pitfalls and the strategy. He sees the big picture while not missing any of the detail. You won’t go wrong with Fergus in your team.’

‘Fergus Doorly is a really astute insolvency lawyer. Well respected among his peers and contentious issues arising do not faze him. He is always highly responsive with advice, not just highly responsive for the sake of it. From a client perspective, even though he is instructed on a large number of mandates, you get the service as if you were the sole client. Craig Sowman is a top notch, relatively newly appointed partner. He has excellent insolvency knowledge and a real, no-nonsense approach to issues arising. You always feel you are in good hands when he is instructed on an assignment. Really good at resolving key issues. He can see the issues from the outset. He is always available and highly responsive.’

‘The key members of the team with whom we worked were Ruairi Rynn, the partner who led the engagement, Paul Murray, the partner who had set up the original structure, Niamh Cacciato and Simona Mulligan who were the supporting associates. Each member of the team acted as consummate professionals in their roles, exhibiting skill, diligence and client awareness and contributed to the success of the transaction.’

Key clients

Debenhams

Ballantyne Re

Naval Energies/Naval Group

Deloitte

Dutch Infrastructure Fund

EY

Quinn International Property Management

Baker Tilly

Work highlights

  • Advising Ballantyne Re on its scheme of arrangement.
  • Acting for Debenhams Plc and Debenhams (Retail) Ireland Limited on its refinancing and the ongoing administration process.
  • Acted for French company, Naval Energies SAS, as the petitioner in its capacity as majority shareholder and creditor, on the liquidation of the global OpenHydro Group, headquartered in Ireland. Also acting for Naval Group as secured creditors.

Beauchamps

Led by practice head Barry Cahir, Beauchamps handles a variety of restructurings and insolvencies across a range of sectors, acting for both creditors and debtors. In one highlight, the team advised Colony Capital on its Project Tolka portfolio of secured loans, which includes acting for Dengrove in a dispute relating to the enforcement of security over Burlington Plaza, which is valued at €250m. It remains at the forefront in the management and disposal of large property portfolios taken on by financial institutions in the wake of the recession. Additionally, it took on several retail matters, including the liquidation of Carphone Warehouse Ireland.

Practice head(s):

Barry Cahir

Key clients

Colony Capital

Bradley’s Pharmacy Group

NOBEL Group

KPMG

AIB Bank

Cerberus

Work highlights

  • Acted for Colony Capital on the acquisition of the Project Tolka loans from the National Asset Management Agency. Currently acting for Colony on matters related to those loans.
  • Advised on the liquidation of iD Mobile, including the transfer of its 41,000 customers to a new provider while ensuring GDPR compliance.
  • Advised Nobel Group Limited on the Irish aspects of its $3.4bn debt restructuring plan

3 Verulam Buildings

In addition to continuing to work on distressed loans from the last recession, Byrne Wallace handles a number of other restructurings and liquidations. In one highlight, the firm advised liquidator Martin Ferris on a cross-border liquidation, where the firm brought a s. 608 fraudulent disposition claim against pension assets for the first time. Practice head John Fitzgerald is 'a practical lawyer', who is valued by clients for his 'responsiveness and commercial approach'. Sean Neville was recently promoted to senior associate, and is 'approachable, very responsive, pro-active and proves extremely easy to work with'.

Practice head(s):

John Fitzgerald

Testimonials

‘Excellent team who are equally impressive on their responsiveness and pro-active work. Particular credit to Sean Neville who has provided excellent advice, options and resolutions.’

‘I deal a lot with the Insolvency property team (both in terms of conveyance & litigation) and find them to be very responsive and commercial based.’

‘There is a clear understanding about the different approaches needed to different files, e.g. tackling liquidations differently from the outset on the basis of whether they are likely to be solvent or insolvent liquidation. They can not only handle the process of examinership receivership etc, but engage meaningfully early on to advise in advance as to the pros and cons of different routes open to the client. Their understanding of cross-border issues gives added depth where needed. From a barrister’s point of view, briefs are comprehensive and instructions exceptionally clear. If I ever need anything to advise more fully, e.g. a folio or CRO report, it will be provided promptly. These seem like small things but they make all the difference in supporting me to carry out my role in the process. It is all too common to find with other firms that papers are incomplete and requests for additional documents are left for days or weeks, causing the file to “drift” into a slow lane. By contrast with ByrneWallace they utilise their resources to make sure we can all get on with our work as efficiently as possible.’

‘ByrneWallace solicitors are very available. Calls are returned promptly. Often, a 10 minute conference call may be used to sort out issues efficiently rather than writing lengthy emails back and forth. I would particularly mention Sean Neville as a rising star on the front line of insolvency and related litigation as well as John Fitzgerald, whose depth of knowledge combined with common sense make him someone you want in your corner.’

‘Sean Neville is exceptional in negotiating contentious cases to a satisfactory conclusion. Sean is approachable, very responsive, pro-active and proves extremely easy to work with, providing a confidence in protecting our position.’

‘John Fitzgerald’s responsiveness and commercial approach to complex issues stands him out from the competition.’

‘John Fitzgerald is a really careful and practical lawyer. He listens to clients and understands what they need. He thinks about problems and rather than jump to a conclusion he looks at it from all angles. John often comes up with very clever perspectives and just slightly tweaks a strategy to achieve an even better outcome. He is a great lawyer.’

‘They are approachable and always willing to take that extra step for you.

Work highlights

  • Advising Everyday Finance DAC on the examinership of corporate debtors and preservation of rights to enforce personal guarantees.
  • Assisting Martin Ferris, liquidator, with multiple issues in a cross-border liquidation, including breach of court orders and fraudulent dispositions by former directors of the company in liquidation.
  • Advising the petitioning directors of MDY Construction on the successful examinership of the company.

Dillon Eustace

Dillon Eustace's insolvency and corporate restructuring team acts for distressed loan funds in Ireland, as well s increasingly acting for examinerships. The firm assisted Sarah-Jane O'Keeffe, the first female examiner to be appointed in Ireland, with her work as examiner of Eastern Seaboard Bar & Grill. Additionally, the firm acted for KPMG, AIB, and Deloitte as receivers and liquidators. Practice head Jamie Ensor is 'client focused and gives pragmatic advice'.

Practice head(s):

Jamie Ensor

Testimonials

‘The Dillon Eustace insolvency and corporate restructuring team provide a high standard of service to us. They are extremely responsive and commercial and understand our business.’

‘Jamie Ensor never fails to impress. He is unflappable in tricky negotiations, is client focused and gives pragmatic commercial advice. He is ably supported by Peter Bredin and John O’Riordan who are partners in the Litigation Department, as needed.’

Key clients

AIB

Goldman Sachs

Credit Suisse

BNY Mellon

Car Val Investors

PricewaterhouseCoopers

NAMA

Mazars

Ernst & Young

Deloitte

Work highlights

  • Acting for Sarah-Jane O’Keeffe (the first-ever female examiner to be appointed in Ireland) as examiner of Eastern Seaboard Bar & Grill Ltd and Eastern Seaboard Industries Ltd.
  • Assisting Dessie Morrow as the examiner with the examinership of Basta Parsons Ltd and Basta Holdings Ltd.
  • Acting as lead counsel for Lapithus as servicer appointed by Cerberus Capital Management and Apollo Global Management on portfolios of loans acquired as part of Project Finn, Project Lane and Project Leinster/Munster.

Eugene F. Collins

Eugene F. Collins, which has 'a reputation for good, practical and commercial advice', handles contentious and non-contentious matters. The practice is led by Doug Smith, a 'great legal thinker' who has advised a wide variety of clients. The team's cross-border work includes advising the Nova Scotia Department of Energy and Mines on the liquidation of an Irish renewable energy company, as well as acting for the liquidators of an insolvent Cayman Islands hedge fund. Róisín Peart, formerly a senior associate with the firm, joined Dillon Eustace as a professional support lawyer in 2019.

Practice head(s):

Doug Smith

Testimonials

‘Eugene F. Collins have been well known in the field of insolvency and corporate restructuring in Dublin for many years. Certainly in the top tier of restructuring advisors in Ireland with a strong track record and a reputation for good, practical and commercial advice.’

‘Eugene F Collins is unique in that it provides the most carefully considered legal advice in the industry. They pride themselves on giving good, well reasoned advice. Eugene F Collins simply do not get things wrong.’

‘Their overall team has great sector knowledge and in many areas including M&A, Property and Restructuring they are well respected in the market.’

‘Doug Smith is a very knowledgeable insolvency solicitor. Approachable, practical and commercial with a wealth of experience to draw on.’

‘Partners and senior associates always respond quickly. It would be very unusual for me to have to chase a Eugene F Collins lawyer for a reply to a query. Mark Walsh has always been great and Doug Smith always has time for you.’

‘Doug Smith is a great legal thinker. He considers every aspect of a case and anticipates any problems before they arise. He has a wide and deep knowledge of insolvency law.’

‘Reliable & attentive.’

Key clients

PricewaterhouseCoopers

KPMG

Deloitte

Ernst & Young

Grant Thornton

BDO

RSM Ireland

Duff & Phelps

McStay Luby

Kirby Healy

Ferris & Associates

Work highlights

  • Advising Shane McCarthy of KPMG in his capacity as receiver of Place Property Limited, Place Investments Limited, Nadtic Investments Limited and Guerriero Limited.
  • Acting for the liquidators of an insolvent Cayman Island hedge fund in a Commercial Court claim for gross negligence against BNY Mellon.
  • Acting for Martin Ferris in his capacity as receiver of a portfolio of properties charged to Danske Bank by Brendan Gildea and Brendan Gildea Ltd.

Eversheds Sutherland

Eversheds Sutherland is active in liquidations, examinerships, restructurings, refinancings, and loan portfolio transactions. The 'highly commercial and experienced' team worked with other offices in Eversheds' international network to handle cross-border matters, including advising Citibank Group on a $2.75bn restructuring of Weatherford. The practice, which is headed by the 'personable and calmNorman Fitzgerald advised Wendy McVeigh in her capacity as the liquidator of Media Partners and Silva. Other lawyers to note include Neil O’Mahony, Piaras Power and associate Barbara Galvin.

Practice head(s):

Norman Fitzgerald

Testimonials

‘They provide reasoned, practical advice.’

‘More commercial & pro-active than many of their peers.’

‘Norman Fitzgerald responds promptly and effectively to requests for advice. He is a personable and calm individual.’

‘They are highly commercial and experienced.’

Key clients

Citibank

KPMG

Rabobank

Allied Irish Banks

Bank of Ireland

BDO

Cairn Homes

Deloitte

Deutsche Bank

Ernst & Young

Grant Thornton

Hibernia REIT

Work highlights

  • Advising Citibank Group on the $2.75bn global restructuring of Weatherford.
  • Advising KBC Bank on all pre-receivership appointment matters including a review of security documents, deeds of appointment and validity reports.
  • Acted for Spencer Place/Ronan Group Real Estate on the restructuring of Spencer Place Developments Company and associated shareholder, acquisition and development facility agreements.

Maples Group

Maples Group advises on a number of complex restructuring and insolvency matters. In addition to handling matters related to loan book portfolios for private equity companies, the team assisted with cross-border liquidations and restructurings including the liquidation of Treasury Holdings, where it worked with other teams within Maples. The group, which has 'particular expertise in financial services', is headed by Robin McDonnell, who is 'practical, technical and efficient', and also includes Karole Cuddihy, who is a 'superb lawyer'.

Practice head(s):

Robin McDonnell

Testimonials

‘A very strong restructuring and litigation team with particular expertise in financial services. Very highly regarded.’

‘A unique feature of Maples is their responsiveness. They turn work around very quickly. They are always available for calls and meetings at short notice.’

‘The team is incredibly well experienced in the area in question and has the ideal blend of in-depth legal understanding and practical and commercial acumen meaning advice is actionable. The team was always available and incredibly supportive.’

‘Karole Cuddihy is a superb lawyer. He carefully considers the law, he is an excellent drafter and he has a good strategic sense. Robin McDonnell is very professional. He knows insolvency law inside out and gives wise advice.’

‘Robin McDonnell is an excellent professional.’

‘Robin McDonnell is a top-notch insolvency solicitor with extensive experience across all appointment types. Practical, technical and efficient – recognised as an expert in his field.’

Key clients

Grant Thornton

KPMG

Marathon Asset Management

EY

Kirby Healy

Hudson Advisors Ireland

Duff & Phelps

Pepper Asset Servicing

Allied Irish Banks

Hilco Capital

BDO

PwC

Close Brothers

CarVal

Work highlights

  • Acting for Pepper and various receivers on litigation and enforcement matters across the loan book portfolios acquired by SPVs that are owned by Goldman Sachs and CarVal.
  • Advised Michael McAteer and Paul McCann on Grant Thornton in their capacity as the joint official liquidators of Treasury Holdings and 15 related companies.
  • Acted for the Shaw Academy group on the examinership process.

Ronan Daly Jermyn

Ronan Daly Jermyn handles complex insolvency matters, including cross-border work. Its alliance with Northern Ireland-based John McKee Solicitors enabled it to advise Danske bank on a standstill arrangement with the Northern Irish co-operative LacPatrick. Other work involved assisting with transactions arising from restructurings and insolvencies; these included representing Zeto Technologies in the sale of certain of its assets to Johnson Controls Technology  Company, and Zeto's subsequent winding up. Practice head Ashling Walsh advises on all aspects of restructurings and insolvencies and is 'very accessible and tenacious in closing out complex matters effectively'. Ricky Kelly led on several contentious cases.

Practice head(s):

Ashling Walsh

Testimonials

‘The RDJ team has 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.’

‘Ashling Walsh has specialist insolvency experience. She is very accessible and tenacious in closing out complex matters effectively.’

Key clients

Landmark Media Investments

KPMG

Duff & Phelps

Grant Thornton

EY

Mazars

PwC

RSM Ireland

Ulster Bank

Bank of Ireland

Danske

Work highlights

  • Advised Danske Bank on a standstill arrangement with LacPatrick Co-operative Society Limited and on a significant redemption.
  • Acted for Shane McCarthy, as receiver over certain properties in Gardiner Street, Dublin 1, in High Court injunctive proceedings where the client was successful in seeking vacant possession of high-value properties.
  • Advising Zeto Technologies Limited on the acquisition by Johnson Controls Technology Company of certain of its assets and the ultimate winding up of Zeto and the appointment of Aengus Burns of Grant Thornton as its liquidator.

Walkers

Walkers' restructuring and insolvency practice handles contentious and non-contentious matters. The team is particularly active in the financial services sector and is a key name for matters with links to the Cayman Islands and Bermuda, where the firm has offices. It also receives a number of referrals from the Big 4 accounting firms, with recent work including advising on  the liquidation of mechanical engineering firm Harley Mechanical Services. Practice head Gavin Smith 'always gets to the right answer', and associate William Greensmyth is 'top notch'.

Practice head(s):

Gavin Smith

Testimonials

‘Walkers have a strong asset management and international presence combining a great understanding of international client needs with navigating the Irish commercial landscape.’

‘Walkers are unique in that they take the quality of their advice very seriously. They pride themselves on their technical legal knowledge and they always strive to get the correct answer.’

‘Walkers’ international reach gives them a good differentiator in the Irish market place.’

‘Gavin Smith and Will Greensmyth are top notch.’

‘Gavin Smith is an experienced Irish insolvency and litigation lawyer – he approaches complicated issues creatively and effectively resulting in excellent outcomes. His availability and work ethic is exceptional.’

‘Gavin Smith is a very knowledgeable lawyer. Gavin’s advice is well considered and clearly articulated. He is a very contentious solicitor and always gets to the right answer. William Greensmyth always wants to get the best outcome for his client. He works hard on even the most difficult cases. He combines that client focus with very well researched and considered advice. He is a top man.’

‘Gavin Smith is very knowledgeable, commercial, practical restructuring lawyer who focuses on resolving key issues to get results. He always makes himself available and is good at working through complexities that arise.’

Key clients

NAMA

Grant Thornton

Kirby Healy

Allied Irish Banks

Work highlights

  • Acting for both sets of Cayman liquidators in one of the largest of the “feeder funds” in the Madoff Ponzi Scheme.
  • Acting for the liquidator of Harley Mechanical Services, one of the largest mechanical engineering companies in Ireland.
  • Advising the directors of LK Bennett Ireland on the impact of the administration of its UK parent entity.

AMOSS Solicitors

Led by Gavin Simons, AMOSS Solicitors' insolvency and corporate restructuring practice acts for a range of clients including financial institutions, creditors, debtors, and shareholders.

Fieldfisher

Fieldfisher, which entered the market following its merger with McDowell Purcell, handles a range of contentious and non-contentious issues in the restructuring and insolvency space. The practice has been appointed to a number of panels, including the Bank of Ireland's invoice discounting panel and the Insolvency Service of Ireland. The practice, which is 'experienced and pro-active in the market', is headed by Mark Woodcock, who is 'a great person to have on your side.'

Practice head(s):

Mark Woodcock

Testimonials

‘What makes this firm exceptional is its responsiveness and deep technical knowledge of complex insolvency legislation and case law.’

‘Proactive, highly skilled, experienced and personable.’

‘We value Mark Woodcock for his responsiveness and ability to carve out solutions for complex problems.’

‘Experienced and pro-active in the market.’

‘Mark Woodcock is our main contact and is well respected & always available.’

‘Mark Woodcock is a highly experienced lawyer in the area of Insolvency & Corporate Restructuring and a great person to have on your side. He takes a high personal interest in cases’

Key clients

Bank of Ireland

KBC Bank Ireland

KBC Enforcement Panel

NAMA Enforcement Panel

BDO

Duff & Phelps

Baker Tilly

Friel Stafford

McStay Luby

Work highlights

  • Acting for Jim Stafford of Friel Stafford, the examiner appointed by the High Court to Melbourne Healthcare Limited, a company which runs the largest residential care facilities in the south of Ireland.
  • Represented Brendan O’Donoghue, the liquidator appointed by the revenue commissioners to a construction company.
  • Acted for Forrest & Co as the receiver in a contentious receivership of a group of department stores.

Hayes Solicitors

Hayes Solicitors' insolvency and restructuring team works on contentious and non-contentious matters including examinerships and liquidations. The firm has argued cases before the High Court, representing both Nama and private clients in cases with cross-border elements. Practice head Joe O’Malley 'has the great combination of a cool head and a sharp legal mind'.

Practice head(s):

Joe O’Malley

Testimonials

‘Hayes is unique in that it combines excellent legal advice with practical and approachable staff. The Hayes lawyers are very pleasant to work even in difficult cases. As a litigant, court can be stressful so being supported by cool heads makes an enormous difference in complex and challenging cases.’

‘Joe O’Malley is calm personified. He has the great combination of a cool head and a sharp legal mind. He is the man you want beside you in the tricky, contentious cases.’

‘Michael Kelly is a great lawyer. His writing is precise and clear. He is very responsive and diligent. He is a pleasure to work with.’

Key clients

AIB

Baker Tilly Ireland

Bank of Ireland

CarVal Investors

Cerberus/Promontoria

Close Brothers Finance

Deloitte

Duff & Phelps

Grant Thornton

Goldman Sachs

KPMG

PwC

Pepper Asset Servicing

Work highlights

  • Representing Nama in the defence of a public law challenge to the client’s power and a counterclaim for approximately €30m.
  • Acting for Promontoria in opposing a well-known property developer’s application pursuant to section 115A of the Personal Insolvency Act 2012 to have a Personal Insolvency Arrangement approved by the court.
  • Advising Neil Hughes of Baker Tilly Ireland as the examiner of Eirecomposites TEO and CTL Tastail TEO.

Lavelle Partners

Led by Michael Lavelle, who has 30 years of experience in this field, Lavelle Partners' team handles a range of insolvency and restructuring matters. Highlights included representing Bal Bhandal in his case against the Irish Bank Resolution Corporation, where Bhandal sought to have a British judgment in the case admitted in Irish proceedings. The firm is also active in advising liquidators and insolvency practitioners.

Practice head(s):

Michael Lavelle

LK Shields Solicitors

LK Shields Solicitors is active in contentious and non-contentious restructurings and insolvencies. In addition to advising practitioners from the Big 4 accounting firms, the firm also handled a number of standalone matters in this area. The practice is headed by Jill Callanan, who specialises in litigation and dispute resolution, and Ruairi Mulrean, who specialises in advisory work.  Peter O’Reilly was promoted to partner in 2019.

Practice head(s):

Jill Callanan; Ruairi Mulrean

Key clients

PricewaterhouseCoopers

Deloitte

McStay Luby

Ernst and Young

KPMG

Work highlights

  • Advising insolvency practitioners in their capacity as fixed and floating charge receivers appointed over properties and companies.