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ARTICLE · 20 JULY 2020

Companies (Amendment) Bill 2020

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Priority legislation aimed at mitigating the impact of the Covid-19 crisis on Irish companies has just been published in draft form.

IrelandCorporate/Commercial Law
Emma Doherty
Emma Doherty
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Priority legislation aimed at mitigating the impact of the Covid-19 crisis on Irish companies has just been published in draft form. The government approved the General Scheme of the Companies (Amendment) Bill 2020 this week with a view to early enactment of the legislation.

The new laws will for an "interim period" (ending on 31 December 2020, unless extended):

  • Enable documents under company seal to be executed in different counterparts.
     
  • Give extra time for companies to hold AGMs, explicitly enable them to hold general meetings by electronic means, and permit directors to withdraw a dividend resolution or to reduce the dividend proposed to be declared by resolution at a general meeting.

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