On the International Front we look at a Corrigendum to UCITS V Directive, CMU, the ESMA market risk indicator, SFTR, Risk Mitigation for OTCs and a European Commission overview of level 2 legislative measures for financial services
Asset Management & Investment FundsOn the Domestic Front, we look at Deadlines, UCITS V, Investor Money Regulations / Umbrella Cash Accounts and Conflicts of Interest.
Asset Management & Investment FundsA&L Goodbody reported on the recommendations arising out of the Migration Advisory Committee's (MAC) Review into Tier 2 Migration in our Immigration E-zine in January 2016.
Pensions & IncentivesIn McCann -v- Halpin & anor [2016] IESC 11, the receiver applied to the High Court for directions pursuant to Section 316(1) of the Companies Act 1963, in relation to the exercise of his powers as receiver over the property and assets of Elektron and Crossplan.
DisputesOn 16 March 2016, the Advocate General (AG) delivered an Opinion, in McFadden v Sony Music Entertainment Germany GmbH Case-484/14, that a business offering free WiFi access to the public cannot be held liable for copyright infringement committed by a user of that WiFI.
TechnologyIn Purcell v Central Bank of Ireland, The AG and Ireland [2016] IECA 50 the Court of Appeal considered the extent to which 'without prejudice' privilege, which attaches to documents and communications between the Central Bank and the subject of an administrative sanctions procedure for the purpose of 'settling' that process, might be waived.
DisputesIn Farrell & Kelly v Petrosyan & Ors (linked to McLoughlin & anor v ACC Loan Management Ltd), High Court, O'Connor J, 2 March 2016 the High Court considered an application for possession on behalf of receivers appointed by ACC Loan Management Limited (ACC). One of the issues before the court was whether the receivers had authority to act in the proceedings in view of their deeds of appointment by
Restructuring & InsolvencyIn DPP v Roadteam Logistic Solutions (formerly known as Nolan Transport (Oaklands) Ltd [2016] IECA 38 the Court of Appeal upheld a €1 million fine imposed on a road haulage company after an accident that caused two fatalities.
DisputesIn ACC Loan Management v Patrick Cahalan, High Court, Noonan J, 3 March 2016 the High Court granted summary to ACC and rejected arguments based on claims of reckless lending and illegal funds.
DisputesEarlier today the Central Bank of Ireland (CBI) published a report on Anti-Money Laundering/Countering the Financing of Terrorism and Financial Sanctions (AML/CFT/FS) Compliance in the Irish Life Insurance Sector.
Asset Management & Investment FundsAs you may be aware, the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) have been in joint consultation in respect of the 'Strengthening Accountability in Banking' initiative.
BelfastDavid Baxter, Head of Restructuring & Insolvency, assesses alternative corporate restructuring processes available in Ireland, and highlights recent cases whereby these processes have been applied successfully to execute a deal.
Restructuring & Insolvency
