The US-based cybersecurity multinational recently renamed NortonLifeLock is winding up a multi-billion dollar Irish-registered subsidiary. None of its 500-plus Irish jobs are at risk, but the paper move illustrates the staggering sums routed through shifting tax structures.
Legal editor with The Currency Francesca Comyn has won a prestigious award for her work covering the Supreme Court. She took the top prize in the Print/Online Journalism (Daily) category of the Justice Media Awards.
After raising €10 million from investors, Cork-based software company Over-C has been told by the High Court it cannot fire its chief financial officer pending a full trial. The case promises to shine a spotlight into the boardroom of the high-profile tech business led by Michael Elliott.
The principle established in this pathfinder case – that a retiring partner can make tax-efficient arrangements to exit the firm – will have implications for hundreds of partnerships around the country.
A major accountancy firm paid older partners to leave and clear the way for new talent. However, in a dispute that has implications for hundreds of other partnerships, Revenue is challenging the tax status of the payments. A High Court case looms.
Covid-19 was described in court as a “game-changer” for the insolvent Irish arm of retail fashion chain Monsoon Accessorize but it is heavily tied to the wider UK group, now in administration, which was in a critical condition when the pandemic struck.
International businessman Anthony Sheedy said he planned to downsize by buying a 230-acre manor estate in Waterford. But when the sale collapsed, the legal fallout revealed there was more to the deal than met the eye.
While the outsourcing of GoSafe speeding cameras has left the state with a €9m annual shortfall, documents obtained across several countries reveal that private investors make millions every year from the controversial Garda contract.
Businessman Padraic O’Kane runs two prominent city centre restaurants, and brings US college football to Dublin each year. The sporting event may be cancelled in 2020, but on Monday, his eateries will reopen – albeit with a reduced capacity.
The Key Collections operated a growing collection of well-known hotels, apartments and guesthouses across Ireland. Undone by the crisis, it is now calling in a liquidator. With no overseas tourists and new regulations, will it be the first of many to go under?
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