Cosgrove Gaynard solicitors were delighted to advise on another recent examinership petition to the High court.
Cosgrove Gaynard Solicitors were delighted to advise Denis Moriarty The Kerries Limited and Moriarty Civil Engineering Limited on their application for the appointment of an Interim Examiner and an Examiner to the Companies which was the first examinership petition in 2018.
The Companies, one of Kerry’s best known civil engineering and construction services groups, had requested the High Court to appoint Neil Hughes of Baker Tilly Hughes Blake as examiner.
Cosgrove Gaynard Solicitors, together with Ross Gorman BL, counsel for the Companies, successfully applied before McGovern J on 23 January to have Mr Hughes appointed, and he will now work with the Companies in an effort to put in place a formal restructuring and implement a scheme of arrangement, to allow the Companies to continue as a going concern, and retain the 128 directly employed people.
Landmark case for the inheritance of social media pages and other digital assets.Text Link
It is really not for the SEC to determine whether tokens are security; this is to be determined by legislation or for the courts to determine. To date no court has determined whether or not tokens are deemed to be securities. That said it is clear that the SEC has interpreted the matter and are finding tokens to be securities. There is a case currently ongoing in New York which may however become the first court in the world to rule on whether or not tokens are deemed to be securities.Text Link
Initial Coin Offerings (ICO's) are not just for technology companies . They are often the beginning of a digital revolution for existing Companies which are already established In their field whether it be healthcare, insurance, property or another industry. Despite some bad press, the tightening of regulation in jurisdictions such as in the US, and indeed Facebook and Twitter banning advertisements , money has been pouring into the ICO market with $3 billion raised through ICOs in the first two months of this year. This is half the value of all funds raised throughout 2017, according to Coindesk data.Text Link