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ARTICLE · 27 NOVEMBER 2024

Execution Of Documents Under Seal: 'Interim Fix' To Be Reinstated On A Permanent Basis From 3 December 2024

The Companies (Corporate Governance, Enforcement and Regulatory Provisions) Act 2024 was signed into law on 12 November 2024. Commencement orders are needed for its provisions to become operational.

IrelandCorporate/Commercial Law

The Companies (Corporate Governance, Enforcement and Regulatory Provisions) Act 2024 was signed into law on 12 November 2024. Commencement orders are needed for its provisions to become operational.

Under the first commencement order (S.I. No. 639/2024 – Companies (Corporate Governance, Enforcement and Regulatory Provisions) Act 2024 (Commencement) Order 2024) one of the first provisions to become operational will be the widely-welcomed reinstatement, on a permanent basis, of the so-called 'interim fix' for the execution of documents by a company under seal, introduced during the COVID-19 pandemic.

The 'interim fix' allowed a company to execute documents under its common seal on separate counterparts between 21 August 2020 and 31 December 2022. It proved extremely useful in practice for companies when a company's seal, and the persons authorised to countersign it, were in different locations.

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This article contains a general summary of developments and is not a complete or definitive statement of the law. Specific legal advice should be obtained where appropriate.

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