ODCE Annual Report 2021

The Office of the Director of Corporate Enforcement (“ODCE”) published its last annual report before changing to the Corporate Enforcement Authority (“CEA”).

The main points from the Annual Report are:-

  • 668 Liquidators’ reports received (consistent with 2020)
  • 51 Company directors restricted
  • 39 Company directors disqualified
  • 23 directors of dissolved insolvent companies were disqualified by way of undertaking as a consequence of having allowed companies with outstanding debts to be struck off the register
  • Longest disqualification of a director 16 years
  • 255 aggregate in years restrictions imposed
  • 213 aggregate in years disqualifications imposed
  • €9.7m directors’ loans rectified
  • 1029 guidance documents disseminated
  • 131 Auditors’ indictable offence reports received
  • 201 Complaints received
  • 62 Criminal charges directed
  • 12 Criminal charges where defendant convicted or facts proved
  • 100% convictions secured/facts proved based ion guilty pleas
  • 8 search warrants executed
  • 8 arrests
  • 6 voluntary cautioned interviews

Note: The content of this article is provided for information purposes only and does not constitute legal or other advice.

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