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Legal Updates & Insights

  • article

    Asset Management & Investment Funds: EU & International Developments – December 2022

    ESMA consultation on fund names using ESG terms, greenwashing, SFDR Q&A, speeches, MMF Stress Tests, Liquidity stress testing, AML/CFT/ Sanctions.

    Asset Management & Investment Funds
  • article

    Asset Management & Investment Funds: Irish Practice Developments – December 2022

    Deadlines, Irish property funds, CP86, CP152, LDI funds, PRIIPs KID, beneficial ownership, sanctions, CBI markets updates.

    Asset Management & Investment Funds
  • publication

    CBI timeframes for receipt of applications that are seeking a Christmas/year-end effective date

    The Central Bank of Ireland issued timeframes for receipt of applications that are seeking a Christmas or year-end.

    Asset Management & Investment Funds
  • article

    Online Safety & Media Regulation Bill 2022 signed into law

    The Online Safety and Media Regulation Bill 2022 was signed into law on Saturday, 10 December 2022. 

    Technology
  • publication

    IAF update: publication of amended IAF Bill

    As previously highlighted, the Central Bank (Individual Accountability Framework) Bill 2022 (IAF Bill) was published in July of this year, and is continuing to progress through the legislative process. In the latest development, further to review by the Dáil Select Committee, an updated IAF Bill has now been published with some further amendments compared to the initial draft Bill.

    ESG & Sustainability
  • article

    The Northern Ireland (Executive Formation etc.) Act 2022: Extended Powers for Departmental Officials in Northern Ireland

    The powers of departmental officials in Northern Ireland have been extended in a limited way with the introduction of the Northern Ireland (Executive Formation etc.) Act 2022 on 6 December 2022.

    Belfast
  • publication

    Irish Supreme Court: Irish government’s proposed approach to ratifying CETA unconstitutional

    By a 4-3 majority, the Irish Supreme Court has ruled that the Irish government’s proposed approach to ratifying CETA is unconstitutional.

    Disputes
  • article

    EIOPA publishes discussion paper on the Prudential Treatment of Sustainability Risks

    Against the backdrop of the European Green Deal and its anticipated mandate from the European Commission to assess whether a dedicated prudential treatment of assets and activities associated with environmental or social objectives under Solvency II could be warranted for insurance undertakings

    ESG & Sustainability
  • article

    Gambling Regulation Bill published and set to become law

    Friday, 2 December 2022 marked the publication of the long awaited Gambling Regulation Bill 2022.

    Betting, Gaming & Licensing
  • article

    Tax credit for the development of Digital Games announced

    In a bid to boost the domestic digital games development sector and Ireland's share of the global digital games industry, the Minister for Finance, Paschal Donohoe T.D. and Minister for Tourism, Culture, Arts, Gaeltacht, Sports and Media, Catherine Martin T.D., recently formally launched the Digital Games Tax Credit.

    Tax
  • article

    ORESS 1 - Terms and Conditions for Ireland’s Offshore Renewable Electricity Support Scheme

    The final terms and conditions for the first auction under the new offshore wind renewable energy support scheme (ORESS) in Ireland were published in November 2022 (the ORESS 1 Terms). ORESS 1 is expected to procure approximately 2.5GW of electricity generating capacity in Ireland.  ORESS 1 is the first of at least three planned ORESS auctions which will be technology-specific to offshore wind.

    Energy & Natural Resources
  • article

    Climate change clauses for NEC contracts – A sign of things to come?

    The NEC form of contracts has now formally adopted voluntary clauses to address climate change considerations.     

    Litigation & Dispute Resolution Belfast