ODCE: Business failures to rise 'substantially' amid Covid-19 crisis

The number of business failures will likely rise "substantially" in the coming months as the economic fallout from the Covid-19 bites, the head of the Office of the Director of Corporate Enforcement, Ian Drennan, has said, suggesting its workload will increase too.

Writing in its annual report, Mr Drennan also said the office continues to work on the proposed setting up of the Corporate Enforcement Authority, but it was up to the new Government to decide whether to go ahead with the legislation.