The Advertising Standards Authority for Ireland (‘ASAI’), an independent self-regulatory body, published on 17 September the seventh edition of its Code of Standards for Advertising and Marketing, of which Section 10 now specifically covers gambling; the latest Code is due to take effect on 1 March 2016.
Betting, Gaming & LicensingCyber security breaches are continually hitting national and international headlines and the need to be proactive to safeguard your business against such risks is increasingly important.
BelfastIt is safe to say that the recent budget announced by Chancellor George Osborne came as something of a shock to the clean energy industry.
BelfastProvisions allowing one party to withhold or forfeit future payments following a breach, or exit provisions allowing an innocent party to buy out a defaulting party at below market value, are common features in a wide range of corporate and commercial agreements.
BelfastSPV Osus Limited -v- HSBC International Trust Services (Ireland) Limited & ors [2015] IEHC 602 arose out of the Madoff fraud. Optimal Strategic US Equity Limited (OS) invested nearly all of its assets in Madoff funds and had a claim as an unsecured, non-preferential, creditor in the Madoff bankruptcy (the Allowed Customer Claim).
DisputesIn Des Hennessey v Building Contractors Ltd v O'Beirne [2015] IEHC 596, the Irish High Court considered whether the arbitrator had been validly appointed and whether the petitioner was entitled to enforce an arbitral award as a debt through the bankruptcy summons procedure.
DisputesThe High Court, in a decision handed down on 28 September last, granted an injunction to the petitioner, Petroceltic International Plc preventing the holding of an Extraordinary General Meeting (EGM) that had been called by the defendant, Worldview Capital Management SA (Worldview), a 29.44% shareholder in the Company.
Corporate Governance & ComplianceModel Contracts are standard contractual clauses for the transfer of personal data outside the EU/EEA which have been approved by the European Commission.
Privacy & Data SecurityUCITS V is set to be transposed into law by 18 March 2016 and clients are now beginning to plan and prepare for its impact from a depositary perspective.
Asset Management & Investment FundsOver the past number of years, electronic cigarettes (often referred to as 'e-cigarettes') have become increasingly popular across the world, and in particular, throughout the UK, following the 'smoking ban' implemented in 2007.
BelfastFrom an employer's perspective, the most significant change is the increase in the minimum wage. The increase was well flagged as the publication of the Low Pay Commission's first report in July of this year recommended an increase of 50 cent (representing a 5.8% increase) to bring the national minimum wage from €8.65 to €9.15 per hour.
EmploymentThe Minister for Justice has recently announced that the long awaited Mediation Bill will be published later this year. The aim of the proposed Bill is to allow for mediation as a viable and effective alternative to litigation for those involved in civil disputes.
Disputes