Domestically, the second Shareholders' Rights Directive has come into effect in Irish law; At European level ESMA has issued recommendations for financial market participants in light of COVID-19. ESMA has also set out the approach on MiFIR tick-size regime for Systematic Internalisers; launched a number of consultation papers; and relaxed requirements relating to call taping under MiFID II.
FinanceDomestically, a range of banking measures have been announced in response to the outbreak of COVID-19, to support customers, businesses, and the wider economy. Euronext Brussels has been designated as a market by Revenue; At European level, the ECB, ESMA, and BCBS have announced measures in response to COVID-19.
FinanceMany businesses have closed their premises voluntarily in recent weeks, with more still told to do so as emergency legislation was rushed through, in the hope of limiting the spread of coronavirus.
COVID-19 BelfastIn response to the effect of COVID-19 on Irish businesses the Government, and in particular the Department of Employment Affairs & Social Protection (DEASP), introduced a range of financial measures to support businesses and their workers who are effected by the COVID-19 crisis.
COVID-19The rapid spread of COVID-19 has had extraordinarily far reaching ramifications for all sectors of industry, not least the legal system.
COVID-19Consumer protection law in Ireland is mainly enforced by the Competition and Consumer Protection Commission (CCPC). On 2 April 2020, the CCPC issued an alert entitled "COVID-19 Business Reminder – Payment Methods".
COVID-19A week seems like a long time for a large part of the population staying at home and for those key workers continuing to provide lifesaving services during the COVID-19 crisis. Keeping track of the rapidly changing situation and how it impacts your business can be difficult. In the commercial property world, it is no different.
COVID-19 BelfastPublic bodies across the globe urgently require essential goods and services to combat the COVID-19 outbreak. The European Commission has published helpful guidance which acknowledges that direct award of contracts to suppliers without tender competitions may be justified at this time.
COVID-19The NI Department of Health published regulations on Saturday imposing new restrictions on businesses in Northern Ireland.
COVID-19 BelfastMany individuals and businesses contending with the ongoing COVID-19 pandemic should be aware of some of the emergency measures being put in place to protect the public from the economic and social effects of the pandemic.
COVID-19Irish financial services firms will be aware of the fact that banking and financial services are considered essential services during the COVID-19 pandemic under guidance published by the Department of the Taoiseach on 28 March 2020.
COVID-19The European Union has faced various tests in recent years. COVID-19 is testing the EU's responses in both new and well-tried ways. It is useful to take an overview of some of the EU's responses:
COVID-19