Course Summary

Duration8 hours

PresenterDes O'Neill

Course Overview

Session 1: Companies Bill 2020 and Procedural Changes & Templates

Mike, John and Des will be looking at the practical impact of the Companies Bill 2020 on companies and how they operate and comply with their day to day corporate governance duties. To support the Bill the notices, minutes and resolutions as updated by the legislation that companies and directors can implement will be reviewed.

In this session we will also be taking a whistle-stop tour of the Financial Provisions (Covid 19 (No.2) Bill 2020. This is not necessarily a company law piece of legislation but will directly or indirectly impact on every company in the state.

  • Summary of Practical Implications of Companies Bill 2020
  • Convening and Holding AGMs and Minute templates
  • Changes to Insolvency and Restructuring Procedures

Speakers: Des O’Neill, John Murphy, Mike O’Halloran, Colm Owens – OmniPro

Session 2: Corporate Insolvency and Creditors Voluntary Liquidations – Problems & Pitfalls

In this jam packed session Tom Murray of Friel Stafford will be covering the following topics

  • Corporate Insolvency landscape in Ireland 2020
  • Legal and regulatory update
  • The danger of Zombie companies for directors
  • Red light issues and warning signs for Directors
  • How Directors can learning the lessons of 2008 to 2011 – in particular how to protect their personal positions
  • What are the key factors a Director needs to consider when making the Decision to Liquidate or not
  • Placing a company into a Creditors Voluntary Liquidation – a step by step guide
  • On-line creditors meetings –  the practical, technical and legal aspects in holding same
  • Dealing with key stakeholders  – What deals are being done by landlords in the market place
  • Life after Liquidation  How to reinvent and start again and Phoenix Companies – When they are ok?

Speaker: Jim Stafford – Friel Stafford

Session 3: Corporate Restructuring and Examinership – Opportunities and Challenges

Neil Hughes is the person who has brought Examinerships to life in Ireland. He literally wrote the book on this topic. Examinerships represent a credible opportunity for some businesses right now and the legislation has been changed to provide companies even more protection than under the previous legislation. Neil is not only going to look at Examinerships but also some of the other corporate restructuring options open to Irish directors and Irish Companies.

  • Informal Restructuring
  • Debt warehousing
  • S449 schemes
  • Examinership
  • Tips and traps

Speaker: Neil Hughes – Baker Tilly

Session 4: The Post Corona Irish Economic Outlook

Constantin Gurdgiev, an economist and former editor of Business & Finance Magazine and a regular panellist on Tonight with Vincent Browne is going to share his views on Ireland’s real economic status of and what we can expect in the aftermath of Coronavirus. Brexit has taken a back seat for the last 6 months but that is not going away either. What do Irish accountants need to think about from a broader economic perspective and what should the be advising Irish Companies and Irish Directors

His topics and areas of focus will include:

  • The Global Reality and Outlook
  • The European Reality and Outlook
  • The Irish Reality and Outlook
  • Don’t Forget Brexit
  • The Positives to be found in all the Negatives
  • What Should Accountants be doing for themselves to prepare
  • What Should Accountants be advising clients to prepare

Speaker: Constantin Gurdgiev

Session 5: Corporate Transitions, Transactions and MVLs

This session will cover the following topics:

  • MVL’s – Possibility in the current environment
  • Illustrating the involvement of Company Secretarial & Co. Law in Company Transitions & Succession Planning
  • Re-designation of Shares
  • Bonus Issues & Practicalities

Speaker: John Murphy, OmniPro

Session 6: Directors Duties

This session will cover the following topics:

  • The New 2020 Company Law
  • What’s Relevant for Accountants and their Clients
  • 2019 CRO figures
  • 10 Big Issues in the new 2020 Company Law
    1. Thousands of companies will be liquidated in 2021! Possibly 2,000 to 3,000!
    2. Thousands of companies will be involuntarily struck off the CRO register in 2021, perhaps as many as 20,000!
    3. Preparing for Creditors Meetings, a new role for the company secretarial department, a New Fee Note
    4. How to “Cause a Row” at a Creditors Meeting
    5. Small company “Corporate Governance” will be a MUST in 2021. Monthly management meetings and a New Fee Note!
    6. The District Court CRO Late Filing Fee Waiver, thousands of companies will be late with CRO returns in 2020
    7. CRO compliance will shortly get much easier with the “New 56 Day One-Step Process”
    8. Thousands of companies will not be paying their debts as they fall due for payment and Getting Paid will be a real issue in 2021! How to Get Paid?
    9. You Will See More and More Shareholder Disputes in 2021!
    10. The Duty to Act “Honestly and Responsibly”

Speaker: Brian Walker – The Bar of Ireland

Session 7: Covid Company Law Issues & Lessons learned from the Last Recession

This session will cover the following topics:

  • The New 10 Month Company Law
  • “Corporate Divorce” Provisions
  • Low Cost Legal Notices
  • Penal Endorsement
  • Company Secretary “Qualification Test” S. 129
  • Other Company Secretary Duties & Roles
  • Key Predictions for 2021
  • Directors Duties & Statutory Duties

Speaker: Brian Walker – The Bar of Ireland

Session 8: Financial Reporting and Auditing Under Covid Conditions

This online CPD course will cover the following topics:

  • Examinerships/ Receiverships/ Liquidations- auditing and financial reporting considerations
  • COVID-19 financial reporting considerations
  • B1X issues

Speakers: Des O’Neill, Mike O’Halloran – OmniPro


CPD Course Facilitators

Des O’Neill – Co-Founder and Managing Director, OmniPro

Having worked for a number of years in practice, Des O’Neill co-founded OmniPro to develop tools, techniques, products and services, empowering accountants to achieve their best. Over 15 years, he has grown the company to a multi-million-euro turnover business and established OmniPro as Ireland’s largest independent provider of CPD for accountants.

Des speaks regularly, at national and international fora, on practice development, auditing, accounting, company law and regulation. He is passionate about bringing innovation to the profession and empowering accountants to achieve what they want in their careers and practice.

Mike O’Halloran: Practice Support Executive, OmniPro

Mike, a member of our Practice Support team, is a qualified Chartered Accountant and Chartered Tax Advisor. He is responsible for carrying out hot file reviews, cold file reviews, annual compliance reviews, in-house training & supporting firms on a day to day basis.

Formerly a quality reviewer with Chartered Accountants Ireland, this role saw him visiting firms of various sizes across Ireland conducting audit, non-audit and anti-money laundering visits. Prior to this he spent 12 years working in small and medium sized practices. In these roles, Mike has gained a comprehensive knowledge of the profession and has worked with a broad range of clients across many industries.

John Murphy: Tax, Corporate Restructuring and Practice Support, OmniPro

As a lead member of our technical support team, John relishes problem-solving to help accountants develop innovative client solutions and sharing technical knowledge on tax, financial reporting and auditing. A Chartered Tax Adviser, he advises clients in practice on a range of issues from income tax, tax planning, restructuring and exit planning to Revenue audits.  In addition, he provides support on financial reporting, auditing and company law; conducts company valuations and advises on pre-sale restructuring. John also plays a key role as a researcher and subject-matter expert in developing OmniPro information products such as the and As a speaker at OmniPro CPD events, he brings these industry-leading insights to accountants participating in our training programmes. A Chartered Accountant and Qualified Financial Adviser, John has over a decade’s Big 4 experience with EY and PwC, providing tax and audit services for a portfolio of clients, ranging in scale from SMEs to multinationals.

Colm Owens: Practice Support Executive, OmniPro

As a member of our Practice Support team, Colm’s focus is on helping practices achieve on-going best practice compliance, prepare for monitoring visits and assist with post-monitoring visits follow-ups. Colm brings a unique insight into the whole area of monitoring and compliance having spent the last 6 years as a quality reviewer with Chartered Accountants Ireland.  In that role he has visited firms of differing sizes all over the country which has given him an insight into how firms operate, the challenges facing firms and how firms are responding to current issues facing them and the profession.  He has gained up-to-date knowledge of audit, accounting, money laundering and regulatory compliance issues relevant to the profession and knowledge of current audit methodologies. Prior to his time with Chartered Accountants Ireland, Colm’s roles included Audit Manager with Anne Brady McQuillans and Brophy Gillespie, both in Dublin, where he worked with a range of clients from small owner-managed businesses through to larger audit clients.

Tom Murray, Friel Stafford

Tom is partner in Friel Stafford, one of Ireland’s leading advisory firms. He specialises in the 4 key areas of Corporate Recovery & Insolvency, Corporate Finance, Forensic Accounting & Expert Witness and Personal Insolvency. He is also an experienced Non – Executive Director.

Tom qualified as an accountant in 1997 and is a member of ACCA and CPA Ireland.

Neil Hughes – Baker Tilly

Neil Hughes, Managing Partner at Baker Tilly, has many years’ experience in advising Irish businesses, but specialises primarily in corporate recovery.

Neil has extensive experience of examinership matters and is one of the leading experts in Ireland’s formal rescue process.  Neil has also lectured widely on the topic ‘restructuring’. He contributes regularly to the print and broadcast media on business matters.

Constantin Gurdgiev – Macroview

Constantin Gurdgiev is the Associate Professor of Finance with Middlebury Institute of International Studies at Monterey (California, USA) and an Adjunct Professor of Finance with Trinity Business School, Trinity College Dublin (Ireland).

Constantin advises a range of institutional and professional clients in the areas of macro and geopolitical risks and uncertainty analysis through his consulting practice, Macroview.

Brian Walker – The Bar of Ireland

Brian Walker has been in practice for the last 20 years as a Barrister and he specialises in Company,Insolvency and Bankruptcy Law and the new Companies Act 2014.

Specialties: Company Law, the Companies Act 2014 and Alternative Dispute Resolution as a mediator and barrister.