Extension of time for registering charges
A creditor normally has 21 days in which to register a charge or judgment mortgage against property belonging to a company. Registration must be effected with the Companies Registration Office (CRO) and the 21-day time limit normally begins to run from the date on which the charge is created or judgment mortgage registered with the Property Registration Authority. Failure to register the charge or judgment mortgage in time can have disastrous consequences because the charge/judgment mortgage is effectively invalid and may lose priority to subsequently-created charges which were registered within time. Therefore, a creditor who fails to register on time is normally well-advised to make an immediate application to the Court for an order extending the time for registration. Such applications are made in the High Court pursuant to section 417 of the Companies Act 2014.
We are pleased to be able to offer applications under section 417 on a fixed cost basis, which includes the following:
Taking instruction from Client and advising accordingly
Instructing Counsel to prepare court documents
Engaging Counsel to attend the High Court to make necessary applications
Engaging solicitor to attend Counsel in court
Price: €2,950 plus VAT
Price for Counsel only: €1,950 plus VAT*
*This option is suitable if you are a solicitor or already have a solicitor and only wish to instruct one of our specialist Counsel.