Celebrating 15 Years in the US, Ireland in 2011: Recovery and Resurgence

From "Celtic Tiger" to "Irish patient", Ireland has been the subject of extensive commentator discussion and analysis in recent years. 2011 has now seen positive signs of real recovery and resurgence which commentators have taken as encouraging signs that the worst may be over for Ireland.

Challenges certainly remain, in particular in the form of unemployment and personal debt issues as well as the continuing state of flux in the national banks. Ireland's prospects for an export-led recovery are also inevitably linked to the global outlook. Ireland had made considerable progress however in extracting itself from the emergency that forced it in 2010 to negotiate a support package with the EU/IMF. Wage cuts and price deflation have restored Irish competitiveness and Ireland?s current account current account deficit is moving slowly into a surplus. The result: Ireland is beginning to regain the confidence of global investors.

In addition to Government policy, the critical importance of international investment, and in particular US foreign direct investment and US sourced deal activity, is clearer than ever. Please join our panel of lawyers for a webinar roundtable discussion about recent developments in Ireland and how, under the right conditions, recovery and resurgence have been made possible in Ireland.

The panel from Matheson Ormsby Prentice will be moderated by Pat English, corporate partner and senior member of the firm's US Business and Inward Investment Groups. Pat will be joined by Robert O'Shea, partner and head of the firm's International Business Group; Patrick Spicer, partner and head of the Corporate and Commercial Department ; Tax partners Shane Hogan and Mark O'Sullivan and, from New York, the head of the firm?s US Offices John Ryan.

The panel will focus on the following topics:

-an overview of Ireland in the last 12 months, including measures to stabilize the Irish banking system and the renegotiation of Ireland's support package with the EU/IMF;

-tax policy, in particular Ireland's 12.5% corporate tax rate and prevailing views in Ireland and the Eurozone in relation to the proposed Common Consolidated Corporate Tax Base (CCCTB);

-foreign direct investment trends into Ireland and the reasons for Ireland?s continued place as a preferred jurisdiction for investment from the US; and

-M&A deal and market update, including opportunities created by the terms of the EU/IMF support package and the Government?s commitment to raise EUR2 billion through the sale of Irish state assets to fund job creation projects.

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