International Restructuring Through Ireland – Examinership

Overview

Ireland is the only English-speaking jurisdiction whose corporate rescue processes are automatically recognised and enforceable across the European Union*. The Examinership process has also been recognised in the US, the UK and many other third country jurisdictions.

Examinership Highlights

The Process

Examinership in Brief

Examinership is a powerful and flexible Court supervised corporate rescue process available to companies in financial difficulty, but which otherwise have a reasonable prospect of survival as a going concern post-restructuring. It is broadly comparable to Chapter 11 of the US Bankruptcy Code and the restructuring plan in the UK. See a comparison table discussing the three processes on page 7.