Introduction (Reorganisations etc.)

Part 9 – Reorganisations, Acquisitions, Mergers and Divisions

The rules on schemes of arrangement – which practitioners will remember as being set out in Section 201 of the 1963 Act – are re-enacted here, with an attempt to streamline them.

Up to now, it hasn’t been possible to perform a merger between two private Irish companies. The new Act changes that.

Also new is this: It is now possible for an Irish company to be divided so that its undertaking is split between two other Irish companies.