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ARTICLE · 28 MARCH 2024

Welcome Development For Execution Of Documents Under Seal

Arthur Cox
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One of the proposed amendments to the Companies Act 2014 set out in the General Scheme of the Companies (Corporate Governance, Enforcement and Regulatory Provisions)...

IrelandCorporate/Commercial Law
Suzanne Kearney
Suzanne Kearney
Aisling Carey
Aisling Carey
Sinead Cantillon
Sinead Cantillon
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One of the proposed amendments to the Companies Act 2014 set out in the General Scheme of the Companies (Corporate Governance, Enforcement and Regulatory Provisions) Bill 2024 (read our insights here) relates to the execution of documents under seal.

A new Section 43A is proposed, reinstating the temporary measure which was previously available for the duration of the "interim period" (which expired on 31 December 2022) facilitating the execution of documents under seal on separate counterparts.

Section 43A provides that a company's seal and the signatures of those who countersign it may be on separate copies of the relevant agreement or deed with the aggregate considered as one instrument.

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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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