Chambers Ireland and Law Society Launch Guide for SMEs to the Companies Act

A new guide to the Companies Act 2014 was launched yesterday (08/09/15) by Chambers Ireland and the Law Society of Ireland.

The Companies Act is the largest piece of legislation ever to come into effect in Ireland and fundamentally changes the legal environment in which businesses operate. The aim of this guide is to highlight the most important pieces of information for companies in a clear and concise manner.

Speaking at the launch, Ian Talbot, Chief Executive, Chambers Ireland said, “The Companies Act 2014 brings the most significant changes to company law ever introduced in Ireland and it is vital that businesses know what is required of them. Understanding the implications of the Act could pose difficulties for many businesses, particularly SMEs, given the sheer quantity and complexity of the legislation. We are delighted to partner with the Law Society to provide this concise and business friendly guide to the Companies Act.”

Paul Keane, Chair of the Law Society of Ireland’s Business Law Committee, added “The changes made will allow businesses to operate more efficiently. The Law Society has equipped solicitors throughout the country with the know-how to assist companies to take advantage of these changes. The bulk of the legislation came into effect on 1st June. However, private companies will have eighteen months to decide which form of company they will choose to be in the future. We have partnered with Chambers Ireland to guide businesses on these changes and to let companies know that if they are in doubt as to how they Act might impact them, they should talk to their solicitor,” he concluded.