On 10 November 2020, the High Court overturned a decision of the Financial Services and Pensions Ombudsman (the FSPO) following an appeal brought by an insurance provider, Utmost Paneurope DAC (Utmost), under section 64 of the Financial Services and Pensions Ombudsman Act 2017 (the FSPO Act).
DisputesThe Irish Government has announced that it has established a new Government Office to promote competition in the insurance market in Ireland. It is entitled the "Office to Promote Competition in the Insurance Market".
EU, Competition & ProcurementMoney Market Funds, 4AMLD list of high-risk third countries
Asset Management & Investment FundsDeadlines, CBI consultation on performance fees, deadline for ICAVs and Unit Trusts to file beneficial ownership information, CBI speech, CP86 and the location rule, CBI markets updates.
Asset Management & Investment FundsQ&A of the month. What is the latest update on Brexit?
Asset Management & Investment FundsThe Supreme Court recently held that, in claims for negligent mis-selling based on the level of risk of a financial product, the limitation period only begins to run when the risk renders the product less valuable.
DisputesVincent Power, Head of EU, Competition and Procurement at A&L Goodbody explores the challenges facing the UK if its people ever wanted to rejoin the EU.
BrexitOn 12 October 2020, the OECD published its reports on the ‘Blueprints’ for its two-pillar proposal to address both the tax challenges arising from the digitalisation of the economy and the remaining challenges of the BEPS project
TaxThe matter of directly addressing the tax challenges of the digitalised economy was effectively parked in the course of the OECD’s base erosion and profit shifting (BEPS) project.
TaxCBI confirms notification requirements for UK investment managers acting for Irish entities following the end of the Brexit transition period.
Asset Management & Investment FundsEU, Member States and US regulators are increasingly scrutinising the effect and antitrust behaviour of Big Tech in the digital age and by reference to Big Tech's use of data.
EU, Competition & ProcurementOn 3 December 2020, the Department of Justice published the much anticipated report into the ‘Structures and Strategies to Prevent, Investigate and Penalise Economic Crime and Corruption'.
White Collar Crime
