FRP ADVISORY is forming an alliance with Friel Stafford to allow it take on more cross-border insolvency work.
The two firms are joining forces to enable them to handle the increased demand of cross-border insolvencies. It is widely expected that later this year Ireland will align their bankruptcy laws and processes more closely to those of the UK. Recently Ireland reduced its bankruptcy term from eight years to three and could reduce it further to align with the UK’s one year.
FRP Advisory, borne out of the ashes of collapsed firm Vantis, has been growing steadily since its inception in May 2010. It now has 200 staff including 30 partners. Insolvency firm Friel Stafford has 20 professional staff, which includes the two founding partners, and is based in Dublin.
Both the UK and Ireland have various personal and corporate insolvency cases which have assets located in both regions. This adds to the complexity of the cases, explained FRP Advisory senior partner Geoff Rowley (pictured).
“We believe the shared deep expertise and similar cultural values of FRP Advisory and Friel Stafford leave us strongly positioned to recover the best solutions for our clients and their stakeholders,” he said.
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