Devil is in the detail of new, non-road tested SME protection legislation

Tom O’Brien: Likely to see an increase in insolvencies in the second half of 2022. A new rescue package has among its key attractions a relative simplicity and straightforward nature.

It is almost 20 months since the onset of the pandemic in Ireland and we have yet to see the full impact of Covid-19 on business failure rates.

While there is generally a time lag between crisis events and resultant insolvencies, the delay is likely to be even longer this time due to the generous government supports made available to businesses as well as the supportive stance taken by the pillar banks.