Ireland: The Company Agenda ± June 2011 02 June 2011 Article by Dr. Thomas B.

Courtney, Jacqueline McGowan-Smyth, Dáibhí O'Leary and James Heary

This is a 'Company Agenda Special', in which we focus on the Draft Companies Bill. The Minister for Jobs, Enterprise and Innovation, Mr Richard Bruton TD recently launched the draft Companies Bill which is published by his Department on its website. The proposed changes will revolutionise Irish company law and provide a state of the art company law code to the users of Irish company law. The heads of Bill were drafted by the Company Law Review Group (CLRG) and its innovations are based on its recommendations. Arthur Cox's Dr Tom Courtney, head of the firm's Company Compliance and Governance Group has been the chairperson of the CLRG and William Johnston, banking partner, has been a member of the CLRG, since its establishment in 2001. In this issue of 'The Company Agenda' Dr Tom Courtney outlines the architecture of the draft Bill and provides an overview of its main innovations. We will revisit particular parts of the Bill in more detail in future issues.

The publication of the first of two volumes of the draft Companies Bill is a very significant step in the reform of Irish company law. This first volume is divided into 15 Parts, contains 952 sections of law and is focused solely on the private company limited by shares

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