What is SCARP - Small Company Administrative Rescue Process?
Small Company Administrative Rescue Process (SCARP) was passed into legislation by the Oireachtas on 13th July 2021. The process provides a rescue tool for SME’s which aims to provide a low-cost alternative to examinership as it is designed to eliminate or significantly reduce the requirement for court intervention which can be costly through examinership.
Ransomware attacks are a clear and present danger to operators of critical national infrastructure (CNI) such as health and energy sector organisations, but no organisation is immune. Ransomware is not just about making money; it also threatens public health and national security.
A recent C-suite barometer showed a surprising level of optimism among international business leaders. Mark Kennedy deciphers the findings to explain why short-term optimism will need to be buttressed by business transformation plans and long-term investment strategies if organisations are to thrive in a post-pandemic world.
Client Asset Requirements under the microscope as holdings by entities rise
A consultation was launched in December by the Central Bank of Ireland on proposed enhancements to the Client Asset Requirements for investment firms, a process that has been promoted by the increase seen in client asset holdings reported to the Central Bank by Irish regulated entities, and which continues until March 10th.
On the 14th of January 2021, the Irish Government published its update to Ireland’s corporation tax roadmap. Minister Donohue explained in his foreword that he published the corporation tax roadmap in 2018 to provide a clear indication to stakeholders of the actions that Ireland would take to ensure that our corporation tax system remained competitive, fair and sustainable.
For people, businesses and society, 2020 was a year like no other. With the global Covid-19 crisis many have faced extreme challenges; people and families across the world have lost loved ones too early and suffered previously unthinkable restrictions to their lives and livelihoods as governments, companies and other institutions battled to contain the virus. The unique challenge for business has been how to respect the necessity to preserve life while fulfilling its duty to meet society’s needs in a financially sustainable way.
2020 has been a year like no other. The global impact of Covid-19 has touched every element of our Firm and had a significant impact on our people and it will inevitably continue to do so for some time.