AIFMD/UCITS, ESMA CSA on sustainability disclosures and risks, EU/UK MoU, MMFs, LMTs, leverage, CBDF, PR, definition of advice, MiFID II, pre-hedging, sanctions under UCITS, AIFMD and MiFID II, ML/TF risks affecting EU financial sector.
Asset Management & Investment FundsCBI discussion paper on macroprudential policy for investment funds, CBI markets updates, speech on CBI’s ASP, IAF.
Asset Management & Investment FundsOn 5 July 2023, The President of Ireland, Michael D. Higgins, signed into law the Courts and Civil Law (Miscellaneous Provisions) Bill 2022 (the Bill). The Bill amends a variety of legislation, including the Arbitration Act 2010 (the AA 2010).
DisputesWhen it was (largely) commenced in 2022, the Companies (Corporate Enforcement Authority) Act 2021 (the Act) established the Corporate Enforcement Authority (CEA) in Ireland on 7 July 2022.
Corporate Governance & ComplianceA new European regulatory regime, the Foreign Subsidies Regulation (FSR), will be fully operational shortly. The FSR is intended to allow the EU to minimise distortions in the EU’s internal market as a result of non-EU subsidies granted to businesses operating in the EU. The FSR begins to apply from 12 July 2023.
Corporate & M&AIn a highly publicised decision now over 10 years ago, Paul Begley was found guilty by the Dublin Circuit Criminal Court in 2012 of avoiding the payment of customs duty on more than 1,000 tonnes of garlic imported from China by having the product labelled as apples.
DisputesIn our note of July 2022 we considered European developments regarding the $8b acquisition of GRAIL Inc. (Grail) by Illumina Inc (Illumina), both US headquartered businesses.
Corporate & M&AIn our recent three-part webinar series, ‘Dismissals – It’s Complicated’, we provided our insights on what employers need to know when faced with the most common, and often tricky, dismissals in Ireland. Read our key takeaways here.
EmploymentThe Supreme Court has recently handed down its judgement in Sara Hossein Asset Holdings Ltd v Blacks Outdoor Retail Ltd, which will be of interest to commercial landlords and tenants in NI and persuasive to the NI judiciary. Read more on the decision here.
BelfastDemands for equal treatment in a sporting environment reflect that of the workplace. Read more here.
BelfastOn 10 July 2023 the European Commission adopted an adequacy decision relating to the transfer of personal data from the EU to the US which takes place under the EU-US Data Protection Framework. In this short update we summarise how the framework will operate in practice
TechnologyThe Courts and Civil Law (Miscellaneous Provisions) Act 2023 has been signed into law by the President. New provisions governing an occupiers’ duty of care under the Occupiers’ Liability Act 1995 will take effect once the Act has been commenced.
Insurance & Reinsurance
