Legal Updates & Insights: P684 -A&L Goodbody LLP

Legal Updates & Insights

  • Article

    Companies Act 2020: Insolvency Regime

    In the second part of our coverage of the Companies (Miscellaneous Provisions) (Covid-19) Act 2020 (the Act), we consider amendments made to certain insolvency provisions of the Companies Act 2014 (the 2014 Act).

    Restructuring & Insolvency
  • Article

    Ireland to enact legislation to apply the EU Foreign Direct Investment Regulation

    The European Union (EU) "Foreign Direct Investment Regulation" or "FDI Regulation" applies from 11 October 2020

    EU, Competition & Procurement
  • article

    Creditor’s right to recover losses not barred by the “reflective loss” principle in the UK

    Sometimes a wrongful act will not only damage a company, but also its creditors, employees, and shareholders. A doctrine known as the "reflective loss principle" limited the circumstances in which claims could be pursued by such parties for losses "reflecting" those suffered by the company (which could presumably pursue such a claim in its own right).

    Disputes
  • Article

    Briefing: FSPO Digest of Decisions Volume 4 - August 2020

    On 7 August 2020, the Financial Services and Pension Ombudsman (FSPO) published volume 4 of its Digest of Legally Binding Decisions; this included 22 decisions which were issued between January 2020 and May 2020.

    Disputes
  • Article

    Creditor’s right to recover losses not barred by the “reflective loss” principle in the UK

    Sometimes a wrongful act will not only damage a company, but also its creditors, employees, and shareholders. A doctrine known as the "reflective loss principle" limited the circumstances in which claims could be pursued by such parties for losses "reflecting" those suffered by the company (which could presumably pursue such a claim in its own right).  

    Disputes
  • Article

    Companies Act 2020: Corporate Governance

    The Companies (Miscellaneous Provisions) (Covid-19) Act 2020 (the Act) was commenced on 21 August 2020. The new measures derive, in part, from recommendations of the Company Law Review Group put forward in response to difficulties faced by Irish companies during the COVID-19 pandemic.

    Corporate and M&A
  • publication

    Fund Structure: The Unit Trust

    A unit trust is a contractual fund structure constituted by trust deed. A unit trust is not a separate legal entity and does not have legal personality.

    Asset Management & Investment Funds
  • publication

    Fund Structure: The Variable Capital Company (VCC)

    Irish Investment fund products can be constituted in various legal forms. A range of factors can influence the choice of legal vehicle, including tax treatment, risk spreading requirements, local market requirements and market preferences.

    Asset Management & Investment Funds
  • Article

    Financial Services Regulation and Compliance - Insurance Aug 2020

    Domestically, the CBI has issued a number of publications: the COVID-19 and Business Interruption Insurance Supervisory Framework; a thematic assessment of diversity and inclusion in insurance firms; and the findings of a thematic review of the Retail Intermediary Annual Return; At European level, EIOPA has launched its first Solvency II Single Rulebook

    Financial Regulation
  • Article

    Financial Services Regulation and Compliance - Funds Aug 2020

    Domestically, the CBI has published guidance on reporting obligations for fund management companies of Irish Authorised Money Market Investment Funds; At European level, ESMA has announced that its guidelines on stress test scenarios under the MMFR will be updated in 2020, and has made recommendations to the European Commission for the AIFMD and UCITS Directive

    Financial Regulation
  • Article

    Financial Services Regulation and Compliance - General Cross Sectoral Aug 2020

    Domestically, the Companies (Miscellaneous Provisions) (Covid-19) Act 2020 has come into effect, and the Cabinet has approved the publication of a Bill to transpose 5AMLD into Irish law; At European level, the EBA has also published its response to the European Commission's public consultation on an EU AML/CFT action plan

    Financial Regulation
  • Article

    Financial Services Regulation and Compliance - Investment Firms Aug 2020

    Domestically, the CBI has published issue 8 of its Markets Update for 2020 and has updated its COVID-19 Q&A for regulated financial service providers, with a focus on MiFID investment firms; At European level, ESMA has published a list of thresholds for shareholder identification in each EU Member State

    Financial Regulation