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
A liquidator appointed abroad must follow section 1419 to act in the State
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.
Sections 1435 to 1437 set partnership size limits and credit institution signing rules
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 system generates your ComplianceSME company passport and then walks you through the working files
Working file 179 of the IE-COMPANY agent toolkit 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.
- Working file 179 · Foreign insolvency judgments, partnership size limits and signing by credit institutions
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The working files above open from your ComplianceSME account at no charge, and so does the rest of the Companies Act 2014 toolkit: 215 working files across the 75 situations a company registered in Ireland can be in. Working file 1 runs first and builds the company passport; after that you open each working file as its situation arises.
A working file runs in Claude. You ask the ComplianceSME connector for it in a dedicated premium seat on the Claude Team plan. It asks one question at a time, then returns the document the Companies Act 2014 names, citing the Act's section at every step. Nothing is downloaded and nothing is installed.
The report stays yours, ready for a bank, an insurer, a customer or an inspector. Your dashboard shows every working file and its state.
Open this working fileComplianceSME tracks the Companies Act 2014 and updates the toolkit on your account through the Compliance Complete account, so that you are never working from a superseded version. Compliance Complete