This update reviews four recent decisions of the courts which are of considerable significance for parties seeking to enforce loan agreements.
Financial RegulationWhen the EU and UK diplomats eventually begin talks on the post-Brexit trading relationship, the structure and possibly outcome of those talks will, at least in part, be affected by the legal basis on which the EU negotiates trade agreements with third countries. While Ireland will seek to actively engage with the EU institutions to outline issues directly affecting Ireland
BrexitIt is not clear that there will be any immediate significant legal implications for Irish occupational pension schemes of the UK exiting the EU. However, the effect on the investment market and the continued uncertainty around Brexit is likely to have more immediate and significant consequences for Irish defined benefit schemes and their sponsoring employers.
BrexitThe European Commission's Directorate General for Competition has published a very useful document setting out statistics on EU cartel investigations. The document includes even the recent Trucks case which involved the highest ever individual fines (on Daimler and DAF).
EU, Competition & ProcurementOn the Domestic Front: Central Bank of Ireland publishes special edition of 'Intermediary Times' focusing on Anti-Money Laundering compliance. On the European Front: UK Financial Conduct Authority seeks input on review of crowdfunding rules.
Financial RegulationOn the Domestic Front: Central Bank of Ireland releases statement on Contracts for Difference, binary options and other speculative products; Central Bank of Ireland releases Industry Letter in relation to themed inspection of the Structured Retail Products market. On the EU Front: UK Financial Conduct Authority publishes consultation on its implementation of MiFID II
Financial RegulationOn the Domestic Front: Central Bank of Ireland publishes its Regulatory Service Standards Performance Report for January to June 2016; On the EU Front: EU Commission published its report on the Remuneration Rules for Credit Institutions and Investment Firms; IOSCO publishes a consultation report on good practices for the termination of investment funds.
Financial RegulationOn the Domestic Front: Department of Justice and Equality publishes outline of "Scheme of Aid and Advice on Home Mortgage Arrears"; Central Bank of Ireland publishes Economic Letter on "Private Placement Instruments and the Wholesale Funding of the Banking System in Ireland".
Financial RegulationOn the Domestic Front: Central Bank of Ireland publishes guidelines for Solvency II (re)insurance undertakings on directors' certifications.
FinanceVincent Power, Catherine Duffy and Eileen Roberts, Partners at A&L Goodbody, provide an overview of shipping law, the shipping industry, regulation and the legislative framework in Ireland.
EU, Competition & ProcurementTo coincide with back to school season, we are including a Question of the month in the Front Page. We invite readers to send topical questions which would be of general interest to readers to A&L Goodbody Investment Funds - frontpage@algoodbody.com. Each month we will choose a question and publish the question and answer. We look forward to hearing from you
Asset Management & Investment FundsOn the International Front we look at an EU Commission Report for Credit Institutions and Investment Firms on Remuneration Rules, an IOSCO consultation on good practices for the termination of investment funds, an IOSCO report on good practice for CIS fees and expenses and AML/CFT developments.
Asset Management & Investment Funds
