Ireland · Reporting regimes beyond the financial statements
Foreign insolvency judgments, partnership size limits and signing by credit institutions
the Companies Act 2014 · sections 1419, 1421, 1428A and 1435 to 1437
Where the problem is
A liquidator appointed abroad who wants to act in the State has a statutory route to follow. Without prejudice to Article 16(1) of the Insolvency Regulation, a liquidator appointed in insolvency proceedings who intends to take the steps section 1419(1) describes must comply with that section. The Regulation and the Act operate together, so satisfying one does not remove the requirement of the other.
The remaining provisions in this run are small in number and easy to overlook precisely because they sit outside the Parts that companies read. A company that is a credit institution, or that deals regularly with partnerships, needs to check sections 1421, 1428A and 1435 to 1437 rather than assume they apply only to others.
What the Companies Act 2014 requires
Section 1419 governs the recognition and effect of foreign insolvency judgments and the position of a liquidator appointed in insolvency proceedings elsewhere. Section 1421 and section 1428A carry the further general provisions the Part contains.
Sections 1435 to 1437 carry the partnership size limits and the provisions on the signing of documents by credit institutions. These are general provisions of the Act rather than obligations attaching to a particular company type, so they are assessed against the company's actual activities.
The tool that solves it
File 179 of the IE-COMPANY package covers this situation on its own. It asks whether the company is affected by a foreign insolvency proceeding, whether any liquidator appointed elsewhere has sought to act in the State, whether the company is a credit institution and how documents are signed, and whether any partnership the company is involved with is within the size limits the sections set.
This situation is covered by these files from the pack IE-COMPANY
- File 179 · Foreign insolvency judgments, partnership size limits and signing by credit institutions
Files for this situation
Free · this situation only
The working files named above cover this situation. You take them from your free ComplianceSME account when this situation arises, and you come back to the site for the next situation.
You take the starter pack first: PRINT_ME_FIRST.pdf, the training file T_TRAIN, the four volumes of the reference file T_HELP, and File 1, which builds the ENTITY_PASSPORT.md that the other files require. The situations open in your account once you have taken the starter pack.
Take the files for this situationThe free system
Free · with a free account
The ComplianceSME system for the Companies Act 2014 is free. It needs a free ComplianceSME account and runs inside your own Claude account. It holds 215 working files, the training file, the reference file in four volumes, the regulation analysis, the final review with the gap analysis, and the report assembly. You take the starter pack first, and after that the files for one situation at a time, as each situation arises.
The starter pack holds PRINT_ME_FIRST.pdf, the training file T_TRAIN, the four volumes of the reference file T_HELP, and File 1, which builds the ENTITY_PASSPORT.md that every other working file requires. Print PRINT_ME_FIRST.pdf and read it before any other file.
The system runs in your own Claude account. Upload the files, type START, and the system asks you one question at a time until it has built your documentation, citing the section at every point.
Take the starter packComplianceSME tracks the Companies Act 2014 and issues update files through the membership, so that you are never working from a superseded version. Membership