1. Market Trends and Developments
1.1 The State of the Restructuring Market
Generally there has been a decrease in the number of corporate
insolvencies in Ireland over the last five years, which is in
contrast to the period from 2008 to 2013, when there were a
significant number of corporate insolvencies arising out of the
global recession.
Figures prepared by Deloitte Ireland published for H1 2018 show
a decrease of 4% in corporate insolvencies compared with H1 2017.
Formal restructurings (examinerships) remain level for the same
period compared with H1 2017.
The sectors most seriously affected remain the construction,
services and retail industries.
It is expected that there will be significant disruption to
industries arising out of the uncertainties created by Brexit,
given the interrelated nature of Ireland and the UK. The
manufacturing, retail and tourism industries are the most at risk
in that regard.
