Legal Updates & Insights: P444 -A&L Goodbody LLP

Legal Updates & Insights

  • article

    ESG-related changes to the Solvency II and IDD frameworks

    A comprehensive package of measures to improve the transition towards more sustainable finance activities in the European Union was adopted by the European Commission on 21 April 2021.

    Insurance & Reinsurance
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    Money Laundering Act commenced

    The Department has confirmed that the Minister for Justice signed the Commencement Order in respect of the Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Act 2021 (the Act) on 22 April. 

    Disputes
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    Enhancing Ireland’s response to economic crime - a timetable for reform

    Following on from the much anticipated Hamilton Review Group Report on investigating and prosecuting economic crime and corruption (the Report), the Minister for Justice has now published an action plan for implementing the Report's recommendations.

    White Collar Crime
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    SFDR and Investment Funds - what’s next?

    The 10 March 2021 deadline has passed for compliance with the first phase of requirements under the Sustainable Finance Disclosures Regulation (SFDR).

    Asset Management & Investment Funds
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    Bavarian DPA finds data transfers to US-based email marketing platform unlawful

    The Bavarian Data Protection Authority (DPA) recently ruled a German publisher should cease using a US-based email marketing platform to send newsletters to its subscribers.

    Commercial & Technology
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    French court ruling considers lawfulness of using EU subsidiary of US cloud service provider post-Schrems II

    The Conseil d’État, France’s highest administrative court, recently ruled that personal data collected via a platform managed by Doctolib, and hosted by an EU subsidiary of a US-based company (subject to US surveillance laws) was in line with the GDPR.

    Commercial & Technology
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    The Supreme Court’s decision in Zalewski: What next for the WRC?

    In the Supreme Court case of Zalewski v. An Adjudication Officer and Others, the Workplace Relations Commission (WRC) narrowly survived a constitutional challenge.

    Employment
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    Central Bank of Ireland draft guidance on cross-industry outsourcing – the (re)insurance perspective

    On 25 February 2021, the Central Bank of Ireland published Consultation Paper 138 on Cross-Industry Guidance on Outsourcing, which included the CBI’s draft guidance on cross-industry outsourcing.

    Insurance & Reinsurance
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    Right to disconnect – time for employers to take action?

    The recently launched Code of Practice for Employers and Employees on the Right to Disconnect (the Code) contains advice for employers and employees alike on the steps that should be taken to respect employees’ “right to disconnect” and dis-engage from work outside normal working hours.

    Employment
  • publication

    Technical standards on disclosure of investment policy by investment firms

    The European Banking Authority has issued a Consultation Paper on Draft Regulatory Technical Standards on investment policy disclosure by investment firms under the Investment Firms Regulation.

    Financial Regulation
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    Outsourcing update

    Outsourcing is a key focus for European regulators. The Central Bank of Ireland (Central Bank) is no exception and has recently published draft cross-industry guidance (Guidance) for consultation.

    Financial Regulation
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    New rules to allow for remote witnessing of affidavits

    New court rules that allow for the remote witnessing of affidavits in the superior courts came into effect on 31 March, write Liam Kennedy SC and Nadia Skelton.

    Disputes