A recent High Court decision, where the reinstatement of an employee was ordered after five years out of the business, should ring alarm bells for employers who are considering imposing a "holding suspension" on employees. Tread carefully, check your facts and seek advice are the learning points from the latest judicial guidance on this tricky issue.
Pensions & IncentivesIn Hennigan v Roadstone Wood Ltd [2015] IEHC 326, the High Court awarded a Plaintiff damages for breach of contract and misrepresentation despite the fact that the contract was not recorded in writing. The case illustrates the importance of producing strong corroborative evidence in proving the existence of an oral agreement.
DisputesAn issue of key concern to the shipping community is whether EU law prevails over international treaty law (in particular, treaties in the maritime sector).
EU, Competition & ProcurementOn the Domestic Front: The Companies Act 2014 comes into effect. Irish Stock Exchange (ISE) launched its new online application process for International Security Identification Numbers (ISINs). Minister for State, Simon Harris, promotes Ireland's FinTech sector.
FinanceOn the Domestic Front: Director of Market Supervision, Gareth Murphy, addresses the Irish Funds Annual Conference. The Central Bank publish a document for Fund Management Company Boards and a revised AIF Rulebook. And the Central Bank's Q&As for AIFMD and UCITS are updated
FinanceOn the Domestic Front: Central Bank issues letter to industry following themed inspection of Client Categorisation for Investment Firms. On the International Front: European Supervisory Authorities (ESAs) consult on margin requirements for non-centrally cleared derivatives. European Securities and Markets Authority (ESMA) issues its Q1 risk dashboard for securities markets.
FinanceOn the Domestic Front: Central Bank identifies weaknesses in lenders’ compliance with the Code of Conduct on Mortgage Arrears. The IBRC Commission of Investigation's Terms of Reference are revised. Regulations providing for credit institutions' maintenance of accounts are introduced.
FinanceOn the Domestic Front: New Regulations regarding insurers' financial statements are introduced. Central Bank publishes its findings from a themed review of the retail intermediary sector and its presentation to the Society of Actuaries' Solvency II Forum.
FinanceA recent determination from the Employment Appeals Tribunal provides a useful reminder of an employer's obligations when managing employees who are absent on sick leave.
Pensions & IncentivesAs usual, the Data Protection Commissioner's Annual Report reveals some interesting trends, statistics and case-studies, and provides an insight into priority areas being pursued by the DPC.
GDPROn 8 May 2015, the European Commission announced that DG Competition will host the second Global Maritime Regulatory Summit on 18 June 2015 in Brussels. It will be a follow-up to the first Summit in Washington in December 2013.
EU, Competition & ProcurementPeter Maher, Partner and Head of Tax, A&L Goodbody provides an overview of the tax issues and opportunities in Ireland.
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