When it was (largely) commenced in 2022, the Companies (Corporate Enforcement Authority) Act 2021 (the Act) established the Corporate Enforcement Authority (CEA) in Ireland on 7 July 2022.
Corporate Governance & ComplianceA new European regulatory regime, the Foreign Subsidies Regulation (FSR), will be fully operational shortly. The FSR is intended to allow the EU to minimise distortions in the EU’s internal market as a result of non-EU subsidies granted to businesses operating in the EU. The FSR begins to apply from 12 July 2023.
Corporate & M&AIn a highly publicised decision now over 10 years ago, Paul Begley was found guilty by the Dublin Circuit Criminal Court in 2012 of avoiding the payment of customs duty on more than 1,000 tonnes of garlic imported from China by having the product labelled as apples.
DisputesIn our note of July 2022 we considered European developments regarding the $8b acquisition of GRAIL Inc. (Grail) by Illumina Inc (Illumina), both US headquartered businesses.
Corporate & M&AIn our recent three-part webinar series, ‘Dismissals – It’s Complicated’, we provided our insights on what employers need to know when faced with the most common, and often tricky, dismissals in Ireland. Read our key takeaways here.
EmploymentThe Supreme Court has recently handed down its judgement in Sara Hossein Asset Holdings Ltd v Blacks Outdoor Retail Ltd, which will be of interest to commercial landlords and tenants in NI and persuasive to the NI judiciary. Read more on the decision here.
BelfastDemands for equal treatment in a sporting environment reflect that of the workplace. Read more here.
BelfastOn 10 July 2023 the European Commission adopted an adequacy decision relating to the transfer of personal data from the EU to the US which takes place under the EU-US Data Protection Framework. In this short update we summarise how the framework will operate in practice
Commercial & TechnologyThe Courts and Civil Law (Miscellaneous Provisions) Act 2023 has been signed into law by the President. New provisions governing an occupiers’ duty of care under the Occupiers’ Liability Act 1995 will take effect once the Act has been commenced.
Insurance & ReinsuranceThe Representative Actions Act was signed by the President on 11 July 2023, having completed its passage through both Houses of the Oireachtas on 4 July 2023. This Act transposes the EU Collective Redress Directive into Irish Law. Read our briefing here.
DisputesA new EU regulatory regime, the Foreign Subsidies Regulation (FSR), will be commencing shortly. It enables the European Commission to scrutinise companies making certain acquisitions, engaging in public procurement, or otherwise carrying out economic activities in the EU which have benefited from non-EU subsidies.
EU, Competition & ProcurementDomestically, the CBI has launched a consultation on its draft composite guidelines on the administrative sanctions procedure. At European level, on 23 June 2023, the EU adopted its 11th round of sanctions against Russia, focussing on enforcement and implementation of existing measures.
Financial Regulation
