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ARTICLE · 26 JULY 2024

Execution Of Documents Under Seal: Update

Arthur Cox
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The Companies (Corporate Governance, Enforcement and Regulatory Provisions) Bill 2024 was published by the Department of Enterprise, Trade and Employment yesterday...

IrelandCorporate/Commercial Law
Arthur Cox
Arthur Cox
Suzanne Kearney
Suzanne Kearney
Sinead Cantillon
Sinead Cantillon
Aisling Carey
Aisling Carey
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The Companies (Corporate Governance, Enforcement and Regulatory Provisions) Bill 2024 was published by the Department of Enterprise, Trade and Employment yesterday, 24 July 2024, together with an Explanatory Memorandum.

As signposted when the General Scheme of the Bill was published earlier this year (read our March 2024 insights here), one of the proposed amendments relates to the execution of documents under seal.

The proposed amendment, which has been widely welcomed, would reinstate 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, and proved extremely useful in practice for companies when a company's seal, and the persons authorised to countersign it, were located in different places.

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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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