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ARTICLE · 27 APRIL 2009

New Companies Bill Published

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On 9 April 2009 the Minister for Enterprise, Trade and Employment introduced the Companies (Amendment) Bill 2009. The Bill proposes to change the Companies Acts in three important respects and the Minister has indicated that the Bill is to be enacted as a priority.

IrelandCorporate/Commercial Law

Article by David Lydon, Barry Devereux, David Byers and Paul Heffernan

The Government has proposed important changes to the Companies Acts. When enacted, the changes will expand the powers of the Director of Corporate Enforcement, increase disclosure obligations in respect of certain transactions between a company and any of its directors (including special rules for disclosure by banks) and modify the residency requirement that applies currently to at least one director of many Irish companies. The changes are expected to be fast-tracked into legislation.

On 9 April 2009 the Minister for Enterprise, Trade and Employment introduced the Companies (Amendment) Bill 2009. The Bill proposes to change the Companies Acts in three important respects and the Minister has indicated that the Bill is to be enacted as a priority.

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