Corporate & Commercial Law
Recent Transaction - We recently acted for a lending house in the United Kingdom on two deals that completed on the same day and within 6 weeks. Our client was lending €8 million to two separate Irish businesses that were making acquisitions to support their expansion plans. In one case the company being purchased was a UK company and the other transaction required a review of the Irish acquisition to ensure that the transaction was both legally viable and in our client’s best interest. We ensured that we were giving the best possible advice to the client having considered a number of alternatives – based on achieving the most successful outcome for them. There were several companies involved - each with their own legal advisors - and our role included keeping these advisors in alignment with the process. Our focus is always on providing practical legal advice and this approach ensures that our client was able to complete on the transactions and remain adequately protected. Sherwin O’Riordan advised on these two deals in tandem that completed on the same day in under a 6-week period. Our client was very happy with the outcome and our attention to detail coupled with high levels of service that made these timeframes attainable.
Recent Transaction - We advised a professional services firm regarding a long-standing dispute with their landlord in relations to the exit by them from the property in the absence of a lease. When our client gave notice, they were asked to pay a substantial sum the landlord claimed was due in respect of rates, insurance dilapidations, wear and tear and reinstatement. We contested this amount in the absence of the lease and in relation to the part performance by our client of standard covenants in a landlord tenant relationship. We advised our client on the options that were available to them and put in place a plan that resulted in a successful and satisfactory outcome for our client; they paid a greatly reduced amount than had initially been asked, and within four months they had relocated to a more suitable premises for their business.
Recent Transaction - We recently acted for a company director and shareholder of a manufacturing business in a dispute with the co-director and fellow shareholder of the company. At the centre of the dispute was a fundamental difference in opinion regarding the overall direction of the business and the amount of time and effort that each of the parties was contributing to the running of the company. Our client wanted to remove the co-director from the company and take the company in the direction he believed was best for its long-term success. We presented several options and put in place the strategy to achieve the most successful outcome for our client and within three months, our client was able to buy-out his fellow shareholder and replace him as a director which meant the survival of the company, securing the jobs of 20 staff and a renewed focus on growth.
Corporate & Commercial Law – Corporate structure, employment agreements, shareholders agreement for start-up
Recent Transaction - VR Retail is a high-tech start up focused on changing user experiences with forward thinking products in the outdoor garden space. To safeguard their activities and assets they looked to Sherwin O’Riordan to advise on IP protection, corporate structure, employment agreements, shareholders agreement and share classes, together with retail and affiliate supplier agreements. SOR have been working closely with VR Retail during the entire start-up phase which gives us an understanding of the complexity of their business, we were able to advise on the necessary documents and protections required while also allowing VR Retail to focus on what they do best, safe in the knowledge that the fundamental structures are in place - protecting what they have built and enabling them grow successfully.
Recent Transaction - Advised a leading medical device supplier on the buyout of a dissident minority shareholder. The shareholder was also an employee and a director which created additional issues. We used the no-fault dismissal concept and advised our clients on the pricing of the excess payment in both in respect of share values and in respect of redundancy/termination payments.
The shareholder – who had offered little in the way of value to the company was successfully removed. Our client is now proceeding with its expansion plans unhindered. James Sherwin (Partner) led the team on the commercial transaction, while David O’Riordan (partner) advised the company on the employment issues and strategy.
Recent Transaction - Sherwin O’Riordan advised one of Ireland’s leading nursing home operators on the buyout of its investors at the end of the term of the tax scheme. This included new fundraising to effect the buyout of the borrowers/tax investors pursuant to a put and call option agreement. However due to a variety of complexities which tend to arise at the end of these tax schemes, additional advice was required in relation to planning, commercial property, banking and the drafting of the buyer’s documentation. James Sherwin (Partner) and Helen O’Connell (Partner) led the team which also included Patrick Waters and Rachael Connolly from our Commercial Property and Banking and Finance teams.
Litigation – High Court matter representing client against their former solicitors and insurance broker
Recent Transaction - Sherwin O’Riordan advised home owners in a High Court matter against their former solicitors and insurance broker for failing to act in a competent and timely fashion. The Plaintiffs were residing in the UK when their neighbour initiated High Court proceedings for nuisance, trespass and wrongful interference with his enjoyment of his property during renovation works on the Plaintiffs’ property. During mediation the Plaintiffs were offered full and final settlement of their action - a multi-million euro figure and were extremely happy with the outcome of this matter. Robert Dooney led the team.
Recent Transaction - At Sherwin O’Riordan, our litigation lawyers are often confronted with situations of varying degrees of complexity, and can distil what is often a complicated mass of information into clear, distinct facts from which to build a case for personal injury compensation. We are continuing to develop and expand our personal injury/healthcare department.
Our firm represented a Plaintiff in a complex medical negligence action in 2016; Thomas Hill-v- Health Service Executive  IEHC 746. The Plaintiff was successful in his negligence claim against the HSE for significant disability caused by the accidental tear of his ureter while removing a kidney stone in 1998. Through dedication and diligence Sherwin O’ Riordan’s litigation team delivered an effective and successful case that ultimately resulted in considerable damages being awarded to our client. The judge acknowledged that the ongoing chronic pain and psychological problems Mr. Hill continues to suffer entitled him to substantial damages. The Plaintiff was awarded €701,000, which included over €400,000 for lost earning to date and in the future, in addition to €250,000 general damages. This was a landmark case representing the epitome of legal and medical complexity and we were happy to be able to litigate this case successfully for the Plaintiff.