Ireland Update: Unpacking the Companies (Corporate Enforcement Authority) Bill 2021

The Companies (Corporate Enforcement Authority) Bill 2021 (the “Bill”) was recently published with the primary objective of replacing the existing Office of the Director of Corporate Enforcement (“ODCE”) with an independent statutory body to be known as the Corporate Enforcement Authority. The Bill will also make a number of welcome changes to the Companies Act 2014 (the “Act”) by clarifying certain matters and removing anomalies. The Bill is expected to be enacted before the end of this year. This advisory looks at the proposed changes to the Act.

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