July 29, 2020
Examinership and the pandemic
The examinership process is 30 years in use in Ireland this year. 2020 looks set to be a landmark year in the use and format of the process. The Oireachtas...
Investment and Funding for Business
One of the main challenges facing Irish start-ups is getting access to working capital. Banks will often refuse to lend to start-ups in the development stage as the company is not yet trading and there is no track record of turnover and profit.
Our commercial law Solicitors have been working with start-ups, emerging businesses and entrepreneurs for years, and in 2018 our Corporate Law team was a winner at the Finance Monthly Law Awards. Many of our clients have been with the firm from the beginning of their journey, and we have taken enormous pride in helping them achieve success. Our commercial law partner, Gríana O’Kelly, has specific expertise in corporate funding and equity investment. She and her team have a clear understanding of investor/lender expectations and motivations. This allows them to provide practical, valuable advice to companies beyond which other law firms may provide.
The following are examples of some investment options for small to medium-sized companies in Ireland:
The main challenge for a start-up company or an SME in negotiating investor/funding deals is maintaining control in the company. Often the subscription shares will have stronger, preferred rights than the ordinary shares held by the founders so on a realisation or a winding up, their money takes priority. In addition, an experienced investor can easily exploit an entrepreneur’s lack of experience to their own advantage.
To secure a successful investment or funding package, founding shareholders of a company must have the appropriate contractual protection in place. We will advise you on all aspects of the investment process from due diligence to negotiation of the investment documents.
With Gríana and her team on board advising you, you can walk into negotiations confident that you understand every aspect of the proposed deal and have the leverage to counter if required.
For further information on how we can help you with all investment and funding matters in Ireland and the EU, please contact Gríana O’Kelly Lavelle Partners in confidence on (01) 644 5800.
Contact our office
Make an enquiry