Mac Interiors Limited (the Company), a Northern Ireland-incorporated company, has become the first company incorporated outside the Irish State (and the EU) to have an examiner appointed under the examinership regime provided for in section 509 of the Companies Act 2014 (the 2014 Act).
Corporate & M&AOn 12 July 2023, the UK Supreme Court delivered its much-anticipated judgment in Philipp v Barclays Bank UK PLC[1], ruling unanimously in favour of Barclays Bank UK PLC (the Bank), and providing clarity on the ‘Quincecare duty’.[2]
DisputesThe English Commercial Court (the Court) has refused an application under section 101 of the Arbitration Act 1996 to enforce a JAMS[1] arbitration award issued by a tribunal seated in California.
DisputesOn 17 July 2023, the Law Reform Commission (LRC) published a consultation paper (the paper) on “Third-Party Litigation Funding” inviting submissions from all interested parties by 3 November 2023.
DisputesThe Law Reform Commission has very recently published a lengthy consultation paper on legalisation and regulation of third-party litigation funding in Ireland.
Insurance & ReinsuranceThe European Insurance and Occupational Pensions Authority recently launched a consultation relating to reinsurance concluded with third country (re)insurers.
Insurance & ReinsuranceAIFMD/UCITS, ESMA CSA on sustainability disclosures and risks, EU/UK MoU, MMFs, LMTs, leverage, CBDF, PR, definition of advice, MiFID II, pre-hedging, sanctions under UCITS, AIFMD and MiFID II, ML/TF risks affecting EU financial sector.
Asset Management & Investment FundsCBI discussion paper on macroprudential policy for investment funds, CBI markets updates, speech on CBI’s ASP, IAF.
Asset Management & Investment FundsOn 5 July 2023, The President of Ireland, Michael D. Higgins, signed into law the Courts and Civil Law (Miscellaneous Provisions) Bill 2022 (the Bill). The Bill amends a variety of legislation, including the Arbitration Act 2010 (the AA 2010).
DisputesWhen 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.
Disputes