There is a new sheriff in town and his name is Paul Appleby. Appleby has been appointed as director of corporate enforcement pursuant to the provisions of the Company Law Enforcement Act 2001. The role of the director is primarily supervisory and relates to liquidators and receivers. As a subsidiary role, the director is charged with encouraging compliance with the companies acts.
Appleby’s appointment comes as the Irish economy is in the midst of a slowdown and insolvency activity is significantly on the increase. One indicator of the increase in insolvency work is the number of practitioners who, at the end of the last recession, cast off the mantle of insolvency lawyer and re-branded themselves under the guise of corporate finance lawyer, labour lawyer or litigator, many of whom are now busying themselves around town proclaiming they were never really away.
