- A&L Goodbody advises on ICAV conversion (15 May 2015)
A&L Goodbody is pleased to have advised on one of the first Central Bank of Ireland approved conversions of an existing investment company, to Ireland's newest corporate investment structure, the Irish Collective Asset-management Vehicle (ICAV).
- Workplace Relations Act 2015 (22 May 2015)
The Workplace Relations Act (the "Act") is one of the biggest changes in employment law in Ireland in nearly 50 years. It's a game changer for every employer and worker in Ireland and should make it less complicated for employees to bring claims and for employers to respond to them. It is designed to provide swifter access to justice and quicker resolutions of disputes for everyone.
- The International Comparative Legal Guide to Securitisation 2015 Edition (20 May 2015)
Peter Walker, Partner and Jack Sheehy, Partner, in the Banking and Financial Services Department discuss the Irish legal guide to securitisation.
- Directors' Duties: What's new and what you need to know (20 May 2015)
The Companies Act 2014 (the "2014 Act") comes into force on 1 June 2015, consolidating and reforming Irish company law. In particular, directors' duties, having long been the product of ad hoc decisions by the Irish courts, will now have a legislative basis. For the first time in Irish law, a concise statement of the key fiduciary duties of directors, whether executive or non-executive directors, of an Irish company, whether public of private companies, will exist.
- Suspension - New caselaw on the thorny question - to suspend or not? (20 May 2015)
A recent High Court decision, where the reinstatement of an employee was ordered after five years out of the business, should ring alarm bells for employers who are considering imposing a "holding suspension" on employees. Tread carefully, check your facts and seek advice are the learning points from the latest judicial guidance on this tricky issue.
- When Rights Collide – Gay Rights v Religious Belief (19 May 2015)
Today the County Court of Northern Ireland made its decision that Ashers Baking Company Limited directly discriminated against a customer on the grounds of sexual orientation contrary to the Equality Act (Sexual Orientation) Regulations (Northern Ireland) 2006 (the 2006 Regulations) and political opinion contrary to the Fair Employment and Treatment (Northern Ireland) Order 1998 (the 1998 Order). The case of Gareth Lee –v- Ashers Baking Company Limited, Colin McArthur and Karen Agnes McArthur has been heavily publicised across the world in what the media have labelled the 'Gay Cake' row.
- Bluebird: Tweeting from the same Hymn Sheet... (18 May 2015)
At the end of April we reported on the Woolworths and Ethel Austin cases, the Court of Justice of the European Union (ECJ) seeking to clarify the term 'establishment' in connection with collective redundancies.
- New markets: is there a magic formula? (15 May 2015)
Maire Conneely, Senior Associate in A&L Goodbody's Gaming & Betting Group, discusses how non-gaming jurisdictions develop to become respected gaming jurisdictions. She also addresses how industry contributes to ensure new markets fit in with industry expectations.
- Holiday pay issues: Update on retrospective claims (13 May 2015)
Overview: The Deduction from Wages (Limitation) Regulations 2014 ("GB Regulations") came into force in Great Britain on 8 January 2015 with the aim being to stop backdated holiday pay claims being made through the back door as breach of contract claims.
- The Irish legal guide to securitisation (07 May 2015)
Peter Walker, Partner and Jack Sheehy, Partner, in the Banking and Financial Services Department discuss the Irish legal guide to securitisation giving a practical Irish insight into securitisation work.
- Tracker, Financial Services Regulation & Compliance - Funds (07 May 2015)
A new process for submitting the net asset values (NAV) for listed investment funds will be implemented by the Irish Stock Exchange (ISE) in September 2015.
- Tracker, Financial Services Regulation & Compliance - Cross Sectoral (07 May 2015)
The Central Bank of Ireland (Central Bank) published quarterly results and forecasts for the Irish economy as at Q2 2015. The Central Bank considers that there has been strong growth in the Irish economy and predicts this to continue, with an improving labour market and rising real disposable incomes lending greater support to consumer spending in 2015 and 2016.
- Tracker, Financial Services Regulation & Compliance - Banking (07 May 2015)
The Central Bank of Ireland (Central Bank) has published guidance and forms for monthly data required to be provided by monetary financial institutions (MFIs).
- Tracker, Financial Services Regulation & Compliance - Insurance (07 May 2015)
The Central Bank of Ireland (Central Bank) has recently published additional Solvency II Information Notes. The first of these, Note 4, outlines its approach to applications for approvals regarding undertaking-specific parameters (which are being accepted by the Central Bank since 1 April 2015). Note 5 outlines the approval process for special purpose vehicles (SPV) and includes a checklist of supporting documentation to be provided with applications for authorisation as a SPV.
- Tracker, Financial Services Regulation & Compliance - Investment Firms (07 May 2015)
Central Bank publishes Consultation Paper on Corporate Governance Requirements for Investment Firms.
- Companies Act 2014 - Key potential side effects for Irish insurers and reinsurers (06 May 2015)
Most of the provisions of the Companies Act 2014 (the Act) are expected to be commenced on 1 June 2015. Many insurers and reinsurers that take the form of private companies limited by shares will be aware that, assuming they intend to convert to a "Designated Activity Company" (DAC) , they must do so within 15 months of commencement of the Act.
- The Woolworths Case - Employers can pick and don't have to mix (30 April 2015)
The eagerly awaited judgment in the Woolworths and Ethel Austin cases has been handed down today by the Court of Justice of the European Union (ECJ).
- The Front Page, Asset Management & Investment Funds: Irish Practice Developments (30 April 2015)
On the Domestic Front, we look at a Capital Markets Union Consultation, ISE changes and Connected Party Transactions.
- The Front Page, Asset Management & Investment Funds: EU & International Developments (30 April 2015)
On the International Front, we look at the AIFMD Delegated Regulation, ELTIFs, the SFT Regulation, the Benchmark Regulation, the Fourth Anti-Money Laundering Directive and the Wire Transfer Regulation.
- The details of Ireland’s new Betting (Amendment) Act (27 April 2015)
The Irish President signed Ireland’s Betting (Amendment) Act 2015 into law on 15 March. This Act introduces a licensing regime for remote bookmakers and betting intermediaries in Ireland, bringing both online and brick-and-mortar bookmakers onto a more level playing field. Joe Kelly, Maire Conneely and Rowena Caulfield of A&L Goodbody discuss in detail the principle features of the new Act. This article was first published in the World Online Gambling Law Report Journal.
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