In the pipeline for more than a decade, the Companies Act 2014 has been signed into law, with commencement expected on 1 June 2015. The Act represents the most significant overhaul of Irish company law in fifty years, consolidating primary and secondary legislation into one single Companies Act.
While largely a consolidation Act, the Companies Act 2014 does contain radical reforms, the most ambitious of which is to place private companies at the centre of the Irish company law code, shifting the emphasis away from public companies, which currently hold the legal default position.
It has never been more important for Irish businesses to be aware of legislative change and how new laws impact their business.
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