Since the onset of the COVID-19 pandemic, a number of complex, international insolvencies have commenced in the Irish courts. In two recent cases in the aviation sector, the Irish courts have demonstrated the suitability of the jurisdiction to efficiently handle complex international restructurings while balancing the protection of creditor and debtor interests. In two further recent cases the Irish courts have considered issues impacting the position of landlords in the distressed retail space. While the UK no longer has the benefit of the Recast European Insolvency Regulation (which addresses the recognition of insolvency proceedings across the EU) post Brexit, the Republic of Ireland has kept this benefit making it an attractive location for centre of main interest migrations and the commencement of insolvency proceedings.

This article, originally appearing in the February 2021 edition of Corporate Rescue and Insolvency, was written by Gareth Steen in Dentons' Dublin office and discusses the recent success of the Republic of Ireland as a restructuring jurisdiction. Read the full article here.