Ireland

Ireland’s economy has been booming for several years now and even the effects of the global credit crunch have failed to put a serious dampener on its growth.

Ireland’s economy has been booming for several years now and even the effects of the global credit crunch have failed to put a serious dampener on its growth.

In terms of deals 2007 was stronger than ever, with record numbers of M&A deals completing. Over the course of the year court-approved schemes of arrangement emerged as the preferred way to buy Irish-listed companies, representing a departure from the comfort zone of conventional takeovers.

Despite the country’s strength, Ireland has not been immune to the general downturn in global markets and lawyers have been looking at methods such as examinership, introduced in the 1990 Companies Act, as a means of helping clients avoid formal insolvency.

This special report examines the Irish M&A market in greater depth and also offers an insight into recruitment problems and opportunities faced by law firms in both Northern Ireland and the Republic.