The Companies Bill 2012
Date: March 30th, 2013 | Filed under: Blog | Tags: "Brian Walker", "Irish Company Law", "the New Company Law", Companies registration office, cro, Ian Drennan, Ms. Justice Mary Laffoy, Senator Feargal Quinn, The Companies Bill 2012, The Director of Corporate Enforcement., The Registrar of Companies.A Special Conference on the New Company Law
SPEAKERS
The Honourable Ms. Justice Mary Laffoy
Judge of the High Court.
Lyndon MacCann SC
Senior Counsel
Helen Dixon
The Registrar of Companies.
John Glennon
Examiner of the High Court.
Neil Hughes
Insolvency Practitioner.
Senator Feargal Quinn
Seanad Eireann
Ian Drennan
The Director of Corporate Enforcement.
Colm Deignan
Chartered Accountant
Brian Walker BL
Barrister at Law
VENUE
The Ballsbridge Hotel, (Jury’s Hotel).
Ballsbridge.
Dublin4
Tuesday 7th May 2013
9.00am-4pm
7 CPD credits
Conference Programme
An overview of the Companies Bill 2012, the largest Bill in the history of the State, 1429 new sections of new law that introduces a whole new corporate governance code and yet another new “Big Rulebook” that will be very relevant to over 500,000 company directors in 2014!
Brand-new entities and concepts, new procedures for the company limited by shares, the CLS, the designated activity company, the DAC, the new PLC, the Societas Europae, guarantee companies, the CLG, the unlimited companies, ULC, PUC or PULC, external and unregistered companies,
The New Constitution. The Conversion Procedures/Changeover Rules. This is not discretionary, it’s mandatory, over 160,000 private companies will lose their old-style memorandum and articles of Association and will need to move over to the new style constitution.
The new section 205 provisions, what happens when shareholders fallout? Will the new regulations make a difference?
New applications under the companies acts in the High Court? How might the courts deal with these applications in the future?
Is the new Section 54, enforcement of orders and judgements against companies a step too far in piercing the veil of incorporation?
Lots of changes at the Companies Registration Office, Helen Dixon, the Registrar of Companies will set out what practitioners need to do to comply.
Mergers, divisions, Acquisitions and Reorganisations, novel new statutory provisions allowing private companies to merge so that their assets and liabilities can be transferred under the companies acts.
Directors Compliance Statements, certain large private companies, PLCs, DAC’s, CLG’s and charities may have to comply with this new requirement.
The New Summary Approval Procedure.
Directors New Statutory Duties, the new duty on directors to act “Honestly and Responsibly”. The consequences if they don’t and possible personal liability?
The new Company Secretary “Qualification Test”, directors will be obliged to ensure that the person appointed company secretary has certain necessary skills.
Opportunities for solicitors, accountants and company secretaries to offer more corporate compliance, legal and company secretarial services when the new single director company is established. How to prepare for this?
The Office of the Director of Corporate Enforcement. Mandatory Reporting.
Registered Persons, companies in future must register persons authorised to bind the company.
“Examinership Lite”, SMEs will in future be able to apply locally in the circuit court for a less expensive remedy as an alternative to liquidation. Neil Hughes will explain how the new rules will work in practice, what practitioners will be required to do and what the judges will be looking for?
New definitions of corporate insolvency. What options will be available under the new rules?
High Court Liquidations, the current situation from the perspective of the Examiner of the High Court, what’s happening at present and what official liquidator’s might do to improve efficiencies?. The new rules for official liquidations proposed in the Companies Bill?
SPEAKERS
The Honourable Mrs Justice Mary Laffoy
Judge Laffoy is a senior judge of the High Court having charge of the Chancery List that deals with the various applications under the companies acts. Having been called to the Bar in 1971 and following a distinguished career as a senior counsel working in many of the major cases of the day, particularly in the areas of conveyancing, commercial and company law, when she was appointed to the High Court in 1995.
Lyndon MacCann SC
A highly acknowledged specialist in the area of commercial and company law, he is the author of the Bloomsbury professional annotated companies acts 1963 to 2012, McCann’s casebook on company law and numerous other works spanning the last decade which reflect the changing face of company law inIreland. He is a former member of the Company Law Review Group.
Helen Dixon, The Registrar of Companies.
Helen Dixon holds a Masters in Governance fromQueensUniversityinBelfastand has been at the helm at the companies registration office since 2010.Helen is also a member of the Company Law Review Group. The CRO of tomorrow will be a busy place that acts as a central repository for the statutory filings of over 180,000 companies.
John Glennon, MBA
Examiner of the High Court.
John Glennon has been the Examiner of the High Court since 2010 and he supervises the liquidation of companies wound up by order of the High Court. The Examiner’s office deals with all accounts and enquiries and countersigns all payments and investments. The Examiner also acts as Registrar to the court assigned to deal with matters proceeding before the Examiner known as the “Examiners List” which is usually heard on a Monday morning.
Neil Hughes, Insolvency Practitioner.
Neil is a chartered accountant and has specialised in insolvency and corporate recovery for many years. In particular he has extensive experience of examinership matters and has acted as examiner on numerous occasions.
He is the co-author of ‘Examinership in Practice’ and he has lectured widely on the subject of corporate recovery.
Senator Feargal Quinn
Senator Feargal Quinn has been an independent member of Seanad Éireann since 1993. He is no stranger to company law, having started his first retail shop in 1960 inDundalkto later become one of the most well-known retailers in the State. Senator Quinn is a member of the Oireachtas Joint Committee on Jobs,Enterpriseand Innovation. This committee will shortly have the task of dealing with the statutory provisions of the new Companies Bill and will oversee most of its passage through the very important committee stage.
Ian Drennan, ACCA
The Director of Corporate Enforcement.
Ian Drennan was appointed Director of Corporate Enforcement in August 2012. He was previously the Chief Executive of the Irish Auditing and Accounting Supervisory Authority and previously worked at the Department of Finance and the Comptroller and Auditor General’s office.
Brian Walker BL
A practicing barrister in the law library with over 35 years experience in the area of company law and company secretarial practice, having previously worked with the accountancy firms of KPMG and PricewaterhouseCoopers.
Colm Deignan, Chartered Accountant
Colm has spent over thirty years helping clients overcome problems. He was a partner in a large multi-disciplinary practice. He has carried out over thirty Valuations of trading companies who for one reason or another needed to realise value for shareholders and has successfully mediated family re-organisations involving the dividing up of a diverse group of businesses amongst family members.
Information and Reservations:
Venue :The Ballsbridge Hotel
Ballsbridge
Dublin 4
car parking facilities will be available to the front and rear of the hotel
Time : Tuesday 7th May 2013
9.00am-4.00pm
7 CPD Credits
Fee : € 245.00, includes breakfast pastries, coffees, teas, buffet lunch, conference documentation and free car parking at the hotel.
If you would like to attend, you can book online at www.cpdseminars.ie for instant confirmation of a place or please complete and detach the booking form on the back page together with a cheque for the relevant amount and return to:
Name : CPD Seminars
Address : 57 Dame Street,
Dublin2
Tel : 01-6790975
Fax : 01-6795262
Email : cpdseminars@eircom.net
Web : www.cpdseminars.ie
Who should attend?
Company directors, company secretaries, accountants, solicitors, in-house counsel, legal advisers, compliance professionals, auditors, CFOs, finance directors and controllers, CEOs, company chairmen, non-executive directors, members and directors of state boards or charities and any other persons who have duties and responsibilities under company law.
