In domestic news, on 24 August 2022, the CBI announced that the countercyclical capital buffer (CCyB) rate on Irish exposures is to be maintained at 0.5%. The 0.5% rate will take effect in June 2023.
FinanceThe United Kingdom's Economic Crime (Transparency and Enforcement) Act 2022 (ECA) came into force on 1 August 2022 (see our previous article).
Corporate Governance & ComplianceThe landscape of foreign direct investment (FDI) into Ireland will be changed significantly by the Screening of Third Country Investments Bill 2022 (the Bill), which introduces an investment screening mechanism in Ireland for the first time.
Corporate & M&AThe European Union (EU) has been developing a sophisticated Foreign Direct Investment (FDI) screening regime. This FDI screening regime revolves around Regulation 2019/452.
EU, Competition & ProcurementOn Thursday 8 September 2022, the Minister of State with responsibility for Law Reform, James Browne TD, announced the appointment of Anne Marie Caulfield as the new Chief Executive Officer (CEO) Designate of the Gambling Regulatory Authority of Ireland (GRAI). In this announcement, Mr Browne noted that the early appointment of the CEO will ensure that there is no delay in the new regulator becomi
Betting, Gaming & LicensingIn the case of Fennell v Appelbe, a director of an insolvent company appealed a restriction order made against him by the High Court, which prevented him from acting as a director for five years.
Corporate & M&AThe High Court (Mr. Justice Barrett) has recently delivered judgment in National Truck Rental Company Ltd v Man Importers Ireland Ltd & Ors1 (the National Trucks Judgment) .
DisputesIn the recent decision of Abbey Healthcare (Mill Hill) Ltd v Simply Construct (UK) LLP[1], the English Court of Appeal has provided further guidance on whether a collateral warranty constitutes a 'construction contract.' If a collateral warranty is a construction contract then disputes thereunder come within the adjudication regime.
ConstructionSFDR RTS, PAIs under SFDR, ESMA Q&As on UCITS & AIFMD, AML and environmental crime.
Asset Management & Investment FundsCBI's Beneficial Ownership Register for CFVs - PPSNs, Whistleblowing, SEAR, IMF recommendations to CBI.
Asset Management & Investment FundsIn an ideal world, all companies will have a perfect and mutually beneficial relationship with their directors. Circumstances may develop however over time, which can lead to a company seeking to remove a director from office.
BelfastIn domestic news, the CBI set out its expectations for funds required to disclose under the EU Taxonomy Regulation. This approach will apply until 1 January 2023, when the Sustainable Finance Disclosure Regulation Level 2 template disclosures come into force.
Asset Management & Investment Funds
