On 16 November 2015, the Commission decided to permit a second prolongation of the Credit Union restructuring and stabilisation Scheme. The second prolongation was from 1 November 2015 until 30 April 2016. The notification has made on 29 October 2015.
EU, Competition & ProcurementThe Central Bank of Ireland (Central Bank) issued its Report on Anti-Money Laundering, Countering the Financing of Terrorism and Financial Sanctions Compliance in the Irish Funds Sector.
Asset Management & Investment FundsIreland’s Competition and Consumer Protection Commission (CCPC) regularly dawn-raids businesses, professional bodies, trade associations and homes. Everyone in business in Ireland needs to be briefed on how to deal with such unannounced visits. A&L Goodbody’s EU, Competition and Procurement Group briefs you on what you need to know.
EU, Competition & ProcurementCertain defences raised by Brian and Mary Patricia O'Donnell in the latest High Court action taken against them by Bank of Ireland in connection with Gorse Hill in Killiney have caused the High Court to consider both the nature of rights of residence and also certain provisions of the Family Home Protection Act, 1976.
Commercial PropertyJohn Whelan, Head of A&L Goodbody's International Technology practice looks at EU to US data transfers following the recent CJEU ruling.
TechnologyThe Central Bank Report on Anti-Money Laundering/Countering the Financing of Terrorism and Financial Sanctions Compliance in the Irish Funds Sector is expected to issue next week.
Asset Management & Investment FundsThe Common Reporting Standard (CRS) impacts Irish funds from 1 January 2016. The CRS framework represents a globally coordinated approach to the disclosure of income earned by individuals and organisations in order to combat tax evasion.
Asset Management & Investment FundsThe Government recently published a report entitled ‘A Study on the Prevalence of Zero Hours Contracts among Irish employers and their impact on employees'.
Pensions & IncentivesIn Ryan v Walls Construction Ltd [2015] IECA 214 (6 October 2015) (Kelly J., Irvine J., Hogan J.), the Court of Appeal set aside an order compelling parties to mediate in relation to a personal injuries action.
DisputesIn Sports Direct International Plc v Minor & ors [2015] IEHC 650, Sports Direct International plc (“Sports Direct”) sought an order enforcement of various agreements which they alleged governed the relationship between the parties as shareholders of Warrnambool ("the Company"). The Defendants denied that the shareholders of the Company were bound by these agreements and also alleged that Sports Di
DisputesThis section seeks to capture all other regulatory developments in the financial markets including regulation of brokers, intermediaries, FX markets, credit servicing firms, credit unions, moneylenders, retail credit firms, debt management firms, payment institutions and electronic money, money transmission, regulated financial markets etc.
Financial RegulationRegulatory updates in this section relate to broadly to the authorisation and supervision of collective investment schemes (including UCITS and non-UCITS funds) in Ireland and the EU.
Finance
