Share on LinkedInShare on LinkedIn

ARTICLE · 18 AUGUST 2015

Banking Update: Property And Status – Issues For Companies In 2015

Mason Hayes & Curran LLP
Mason Hayes & Curran LLP
Contributor
Mason Hayes & Curran LLP

Mason Hayes & Curran LLP

Managing Partner: Will Carmody Chair: Philip Nolan Number of partners: 124 Languages: French,...

View firm profile
Explore more from Mason Hayes & Curran LLP

Since the introduction by the Registrar of Companies of an electronic register in the early 1990s, the Registrar creates an entry for each company which is entitled "status".

IrelandFinance and Banking

In the recent case of Independent Trustee Company Limited –v- Registrar of Companies [2015] IEHC 12, High Court, 16th January 2015, Judge Hunt discusses and clarifies a number of interesting issues for lenders and institutional borrowers:

i) whether the application of a receivership to a designated property, amongst a portfolio of properties and assets, warrants and justifies a change of status by the Registrar on the company file – see "The value of status"; and

ii) what constitutes an interest in property, where the company acts as a trustee and whether the registration regime set out in the Companies Acts1 applies to entities holding property on trust – see "What is meant by an interest in property?"

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

See more popular content from