Legal Updates & Insights: P120 -A&L Goodbody LLP

Legal Updates & Insights

  • publication

    Guidance on the Interest Limitation Rule (ILR) published

    Since the enactment of the ILR, the Irish Revenue Commissioners, in consultation with interest parties, have been working on accompanying guidance.

    Tax
  • publication

    Proposed directive on corporate sustainability reporting

    In our latest publication we outline some of the key provisions of the Proposed Directive including its anticipated timeline, take a look at the existing draft reporting standards and share our thoughts on the implications for in-scope companies together with some practical recommendations. 

    Corporate & M&A
  • article

    Climate change risk for (Re)Insurers – CBI consultation 

    The Central Bank of Ireland (CBI) has now (3 August 2022) published its anticipated Consultation Paper on proposed Guidance for (Re)Insurance Undertakings on Climate Change Risk (the Guidance).

    ESG & Sustainability
  • article

    Investment Screening Bill published

    Ireland's long-awaited investment screening legislation was published earlier today. The Screening of Third Countries Investment Bill (the Bill), once enacted, will introduce a screening mechanism for foreign direct investment (FDI) into Ireland.

    Corporate & M&A
  • article

    New leniency programme will allow whistle-blowers to “call time” on anticompetitive conduct

    A new cartel leniency regime is set to be introduced in Ireland under the Competition (Amendment) Act 2022 (the 2022 Act), which will allow cartel members to benefit from reduced penalties by coming forward to the Competition and Consumer Protection Commission (CCPC) and admitting their wrongdoing.

    EU, Competition & Procurement
  • article

    Menopause and the world of work – Quick, quick, slow

    Menopause is increasingly on the agenda as a workplace issue and employers who fail to support their menopausal employees risk claims being brought under both health and safety and discrimination legislation.

    ESG & Sustainability
  • article

    SEAR and individual accountability: Central Bank (Individual Accountability Framework) Bill published

    The Department of Finance has now published the long-awaited Central Bank (Individual Accountability Framework) Bill 2022.

    ESG & Sustainability
  • publication

    Introduction to ILR Article

    Earlier this year, Ireland implemented the interest limitation rule (ILR) with effect from 1 January 2022. The ILR stems from Council Directive (EU) 2016/1164 (ATAD) and aims to limit the deductibility of interest payments and to battle tax avoidance through excessive interest payments.

    Tax
  • article

    United Kingdom Supreme Court Decision: Part-year workers holiday pay should not be pro-rated

    Have you been pro-rating / using the 12.07% method to calculate holiday pay for permanent part-year/ casual/ zero hour workers?

    Employment & Incentives Belfast
  • article

    General Court decision in Illumina/Grail to lead to greater EU merger control scrutiny of sub-threshold deals?

    On 13 July 2022, the General Court of the European Union (the General Court) handed down its judgment in Case T-227/21 concerning an action brought by Illumina, Inc. (Illumina) and Grail LLC (Grail) to challenge the decision of the European Commission (the Commission) to review the acquisition of Grail by Illumina (the Transaction). 

    EU, Competition & Procurement
  • article

    Irish competition agency clears unconditionally the sale by NatWest/Ulster of certain assets to Permanent TSB

    On 21 July 2022, Ireland's Competition and Consumer Protection Commission (CCPC) announced that it has approved unconditionally the proposed acquisition by Permanent TSB plc (PTSB) of certain assets of Ulster Bank Ireland DAC (UBIDAC) (part of NatWest) after a Phase 2 investigation.

    EU, Competition & Procurement
  • article

    UK Court of Appeal offers guidance in interpreting choice of law and jurisdiction clauses in insurance contracts

    On 10 June 2022, in AIG Europe SA and others v John Wood Group plc and another [2022] EWCA Civ 781, the UK Court of Appeal (the Court) upheld a Commercial Court decision maintaining an anti-suit injunction granted to insurers, preventing the continuation of proceedings in Canada.

    Disputes