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LEGISLATIVE CHANGES: COMPARING COMPANY LAW IN THE UK AND IRELAND
On 1 June 2015 the new Irish Companies Act 2014 came into force, repealing and consolidating the Irish Companies Act 1963 and all subsequent amending acts and statutory instruments. The UK went through a similar process when the UK’s Companies Act 2006 replaced its predecessor, the UK Companies Act 1985, in a staged implementation between 2007 and 2009. UK company law is also currently undergoing further significant change in light of the Small Business, Enterprise and Employment Act 2015, to be implemented in additional stages throughout 2016 and which aims to simplify and reduce the cost of UK company law compliance.Groups of companies, directors and company secretaries, current and potential investors, lawyers, accountants and other professional advisors with interests in companies and company law in both the UK and Ireland will be keen to compare and contrast the two legal frameworks. Flynn O’Driscoll’s corporate associate Dorian Rees, who trained and qualified as a solicitor in England & Wales with Hewitson Moorhead and is also admitted to the Roll of Solicitors in the Republic of Ireland, takes a look at some of the key similarities and differences between the Irish Companies Act 2014 and the UK Companies Act 2006. Dorian was assisted by Flynn O’Driscoll consultant John Darby, Hewitson Moorhead partner Neil Harpham and trainee Hayley Cottington. The full article can be read here.