On May 2, IRE GVT updated superior courts' rules for companies.
IRE GVT issued the Rules of the Superior Courts (Companies Act 2014 Section 459) 2025 (StIn 150/2025), adding sub-rules (6)-(8) of rule 18 of Order 75 of the Act.
Inserting immediately following rule 91 of Order 77 XII. Lodgment under section 459 of the Companies Act 2014, rule 92; and inserting into Appendix P to the Rules of the Superior Courts, immediately following Form No. 19, the form set out in the Schedule.
Purpose
The rules facilitate operation of the Companies Act 2014, section 459(7), where there is a takeover of a company and the target, or offeree, company has not within seven years been able to pay over proceeds to shareholders who did not accept the offer.
