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Legal Updates & Insights

  • Article

    Original lender joined as co-defendant in proceedings after loan was assigned

    This case concerned an appeal by the Plaintiff of a High Court order which dismissed his application to join IBRC as co-defendant in proceedings.

    Finance
  • Article

    2015 saw a substantial increase in M&A deals notified to Ireland’s Competition and Consumer Protection Commission

    In 2015 we saw a substantial increase in M&A deals notified to Ireland's Competition and Consumer Protection Commission. Read our analysis.

    EU, Competition & Procurement
  • Article

    Members of Trade Associations need to Make their own Pricing Decisions and not Follow the Lead of any Trade Association

    On 8 January 2016, the Irish Competition and Consumer Protection Commission (the “CCPC”) warned one trade association in particular, but also trade associations generally, not to issue minimum price recommendations to their members.

    EU, Competition & Procurement
  • Article

    M&A Activity in Ireland: A Positive Outlook

    Alan Casey, Resident Partner, New York looks at the key factors that have been driving Ireland's M&A market and outlines future prospects for M&A activity. This article was first published in The Global M&A Guide 2016 by American Lawyer.

    Corporate & M&A
  • Article

    Court of Appeal overturns landmark bullying award

    The Court of Appeal (the “CA”) recently overturned the largest ever bullying award in a decision which sends a salutary signal on any attempt to widen the parameters of what may be held to constitute workplace bullying.

    Employment
  • Article

    What’s New? - Compulsory Retirement Age

    The Equality (Miscellaneous Provisions) Act 2015 was signed into law on 10 December last and is due to commence early in 2016. The Act makes numerous amendments to employment equality legislation. Of note for employers are the changes to the compulsory retirement age.

    Employment
  • Article

    What’s New? - Increase in Minimum Wage

    The increase in the national minimum wage to €9.15 per hour came into effect on 1 January last. The increase is expected to benefit approximately 140,000 workers nationwide.

    Employment
  • Article

    Solvency II regime now in force

    As insurers and reinsurers will be aware, the Solvency II regime came into force on 1 January 2016.

    Insurance & Reinsurance
  • Article

    Tracker, Financial Services Regulation & Compliance - Cross Sectoral / Other

    On the Domestic Front: Items including the following - Amended Transparency Regulations and New Transparency Rule - New Central Bank list of Pre-Approval Controlled Functions - Central Bank introduces consumer protection standards for credit servicing firms

    Finance
  • Article

    Tracker, Financial Services Regulation & Compliance - Funds

    On the Domestic Front: Items including the following - Central Bank issues Consultation on Amendments to the AIF Rulebook - Central Bank programme of themed inspections in Markets Supervision - Central Bank issues new UCITS Q&A. On the International Front: Items including the following - UCITS V level 2 Regulation - ESMA Q&A on application of AIFMD

    Finance
  • Article

    Tracker, Financial Services Regulation & Compliance - Investment Firms

    On the Domestic Front: Items including the following - Central Bank publishes programme of themed inspections in Markets Supervision. On the International Front: Items including the following - ESMA publishes final report on draft ITS under MiFID II - European Commission proposes to overhaul prospectus rules

    Finance
  • Article

    Tracker, Financial Services Regulation & Compliance - Banking

    On the Domestic Front: Items including the following:Central Bank publishes FAQs on new regulations on residential mortgage lending - Central Bank adopts European Union (Bank Recovery and Resolution) Resolution Fund Levy Regulations 2015 - Introduction of the counter cyclical buffer.

    Finance