The Irish Commercial Court (the Court) has delivered an ex-tempore decision confirming that the Irish Courts have jurisdiction to resolve an insurance claim against a Russian insurer related to aircraft stranded in the Russian Federation (Russia).
DisputesThe Convention on the Recognition and Enforcement of Foreign Judgments in Civil or Commercial Matters (the Hague Judgments Convention / HJC) entered into force on 1 September 2023.
DisputesThe European Commission has announced the designation of six “gatekeepers” under the new Digital Markets Act (DMA). These are the first companies to receive this status under the new Act.
Commercial & TechnologyLate last week, a member of French parliament, Philippe Latombe, announced that he has applied to the EU’s General Court to seek an annulment of the EU-US Data Privacy Framework (the DPF), which was approved by the European Commission last July.
Commercial & TechnologyAs environmental, social and governance (ESG) goals become a growing business priority, competition law is, in some ways, adapting to encourage or facilitate collaboration between competitors that promote these objectives.
ESG & SustainabilityOn 15 September 2023, it was announced that Brian McHugh has been appointed as the new Chair of Ireland’s Competition and Consumer Protection Commission.
EU, Competition & ProcurementEarlier this year we noted that Irish enterprises with 250 or more employees and which are engaged in certain activities, would be required to provide information to the Central Statistics Office (the CSO) on a once-off basis for the purposes of the Gender Balance in Business Survey for 2023.
Corporate & M&AIreland’s Competition (Amendment) Act 2022 (Amendment Act) will very largely come into operation on 27 September 2023.
Corporate & M&AAlthough TUPE dates back to 1981, businesses still grapple with the transfer of rights and liabilities in the context of a TUPE transfer. The recent decision in Ponticelli highlights unexpected consequences for transferees when dealing with Share Incentive Plans (SIP).
BelfastOn 31 July 2023 the Northern Ireland Executive, together with HM Government and the Scottish Government, issued a call for evidence on introducing Fixed Price Certificates (FPCs) in the UK wide Renewables Obligation (RO) schemes, as a replacement for the existing live-traded scheme (the Call for Evidence).
BelfastDomestically, the Department of Finance has launched a public consultation on the operation of Ireland’s discretions under MiCA. At European level, the EBA has published its report on the functioning of AML/CFT colleges in 2022 and ESMA has updated its ECSPR Q&As.
Financial RegulationAt European level, European Securities and Markets Authority (ESMA) has issued guidelines on MiFID II product governance requirements and Commission Delegated Regulation on RTS for specific liquidity measurement of investment firms is published in the Official Journal.
Asset Management & Investment Funds
