The Irish Government has published the long awaited Screening of Third Country Transactions Bill 2022 which will introduce a screening regime for foreign direct investments in Ireland by parties established in third countries.
Corporate & M&AThe Technology and Construction Court (TCC) in England and Wales has recently given judgment in Essential Living (Greenwich) Limited v Elements (Europe) Limited in relation the extent to which an adjudicator's decision is binding on the parties for the purpose of an ongoing final account process.
ConstructionKey messages from the Irish Minister for Finance, Paschal Donohoe, and the Irish Minister for Public Expenditure and Reform, Michael McGrath on 27 September 2022.
TaxOctopus Energy and the National Grid Electricity System Operator (National Grid ESO) have successfully trialled the use of electric vehicles (EV) to assist with balancing the demands of Britain's power system.
ESG & SustainabilityIn the annual Chambers Aviation Finance & Leasing 2022 Global Practice Guide, our Aviation & Transport Finance team provide an insight into trends and developments in Ireland.
Aviation & Transport FinanceAdditional SFDR queries for the EU Commission, ESMA's TRV, ESAs' report on risks and vulnerabilities, Wolfsberg Group guidance on RFI best practice, EBA newsletter on AML/CFT.
Asset Management & Investment FundsUCITS amending regulations (No 2 of 2022), CBI financial stability note on climate risks in the financial system, CBI levies.
Asset Management & Investment FundsIn domestic news, the CBI is implementing changes to its beneficial ownership register for Certain Financial Vehicles (CFV). The changes involve the verification of information submitted and are expected to come into effect in Q4 2022.
Asset Management & Investment FundsIn domestic news, on 3 August 2022, the Central Bank of Ireland (CBI) published its Consultation Paper on proposed Guidance for (Re)Insurance Undertakings on Climate Change (the Guidance).
Financial RegulationIn domestic news, on 9 August 2022, the CBI published guidance notes on the outsourcing register template for each of the following sectors: markets firms or regulated financial service providers (RFSPs), payments and e-money institutions, insurance and reinsurance undertakings, and less significant institutions.
Financial RegulationIn domestic news, on 9 August 2022, the CBI published guidance notes on the outsourcing register template for markets firms or regulated financial service providers (RFSPs). The guidance notes set out the CBI's expectations for firm's recording of relevant outsourcing arrangements and reporting of outsourcing to the CBI.
Asset Management & Investment FundsIn 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.
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