Mergers, acquisitions and certain joint ventures are notified to the Competition and Consumer Protection Commission (CCPC) which determines whether the proposed transaction would “substantially lessen competition" in Ireland.
EU, Competition & ProcurementOn 20 January 2022, the Irish Deputy Prime Minister, Leo Varadkar, told Dáil Éireann – the more powerful of Ireland's two houses of parliament – that Ireland will publish new competition legislation during the week of 24 January 2022.
EU, Competition & ProcurementThe government has published the long anticipated Online Safety and Media Regulation Bill 2022 which it has hailed as a “watershed moment as we move from self-regulation to an era of accountability in online safety”.
Commercial & TechnologyThe Competition and Consumer Protection Commission (CCPC) is Ireland's primary competition and consumer protection agency.
EU, Competition & ProcurementIn public procurement competitions, there is potential for a legal challenge from an unsuccessful bidder to trigger an automatic injunction on awarding the contract.
BelfastDomestically, the CBI has published the 36th Edition of its UCITS Q&A Document and the 44th Edition of AIFMD Q&A Document; At a European level, ESMA responded to a letter from the Commission on the use of reverse solicitation, the effective date of the Level 2 regulatory technical standards for SFDR has been delayed
Asset Management & Investment FundsDomestically, the Health Insurance (Amendment) Bill 2021 was published and the CBI published the opening statement at Joint Oireachtas Committee on Finance, Public Expenditure and Reform; At a European level EIOPA announced its sustainable finance activities for 2022 – 2024, EIOPA launched a pilot exercise on climate change adaptation in non-life underwriting and pricing
Insurance & ReinsuranceDomestically, the CBI published its cross industry guidance on operational resilience and feedback statement, published its cross industry guidance on outsourcing and feedback statement; At a European level, the EBA published a consultation paper on draft regulatory technical standards for crowdfunding service providers, Christine Lagarde delivered welcoming remarks at the Fifth Annual Conference
Financial RegulationDomestically, the CBI issued a "Dear CEO" Letter addressed to MiFID authorised firms and credit institutions offering MiFID investment services; At European level the EBA published consultation papers on RTS and guidelines on liquidity requirements for investment firms, ESMA issued Guidelines on methodology
Asset Management & Investment FundsDomestically, the CBI issued a "Dear CEO" letter to payment and e-money firms, and commenced a public consultation into the next phase of mortgage measure framework review; At European level, the EBA issued a report on the application of guidelines on the remuneration of sales staff, the ECB published its supervisory priorities for 2022 – 2024, and the EBA published a revised guide to "fit and pro
Financial RegulationThe decision in John Paul Construction Limited v Tipperary Co-Operative Creamery Limited [2022] IEHC 3 relates to an application for leave to enforce an adjudicator's decision pursuant to the Construction Contracts Act 2013 (the Act).
ConstructionThe CJEU recently issued its long-anticipated ruling on the EU's Blocking Regulation in the Bank Melli case, which concerned the USA's Iranian sanctions regime.
Disputes
