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Legal Updates & Insights

  • Article

    Financial Services Regulation and Compliance - Insurance Oct 2021

    Domestically, the General Scheme of Insurance (Miscellaneous Provisions) Bill 2021 was published; At European level, EIOPA commented on Solvency II proposals from the European Commission and separately, EIOPA set out its strategic priorities for the coming year.

    Financial Regulation
  • Article

    Financial Services Regulation and Compliance - General Cross Sectoral Oct 2021

    Domestically, the CBI published the second edition of its Approach to Resolution for Banks and Investment Firms; At European level, the European Commission adopted its 2022 Work Programme and Commissioner Gentiloni spoke at the Eurogroup press conference.

    Financial Regulation
  • Article

    Financial Services Regulation and Compliance - Investment Firms Oct 2021

    Domestically, the CBI issued its latest markets update, Issue 13 2021, and separately published an updated Beneficial Ownership Register FAQ; At European level, ESMA is seeking stakeholder input on shaping advice on retail investor protection.

    Asset Management & Investment Funds
  • Article

    Financial Services Regulation and Compliance - Banking Oct 2021

    Domestically, Director General Derville Rowland spoke on the importance of clear standards of conduct, accountability, and robust enforcement mechanisms; At European level, the European Commission adopted a review of EU banking rules.

    Finance
  • article

    CBI Strategy 2021 and a Macro-Prudential Framework for Non-Banks: some points of interest

    The Central Bank of Ireland (CBI) published its new Strategy document (the Strategy) which will be effective from January 2022.

    Asset Management & Investment Funds
  • article

    Rising materials cost in the construction sector

    The construction sector has welcomed the easing of COVID-19 restrictions since April as sites have fully re-opened across the country. However, despite the surge in activity, the industry now faces new problems in the form of price inflation.

    Construction
  • article

    Dawn raids in alleged pyramid selling case

    Dawn raids are well-known in competition or antitrust law cases, however they can also arise in consumer law cases in Ireland.

    EU, Competition & Procurement
  • article

    CBI “Dear CEO” letter on climate and ESG issues

    On 3 November 2021, the Central Bank of Ireland (CBI) published its anticipated "Dear CEO" letter on climate and ESG issues. 

    ESG & Sustainability
  • article

    High Court calls “design envelope” into question, Court of Appeal to clarify scope

    The High Court has issued an important decision regarding applications for planning permission for projects, which are based on a "design envelope" approach.

    Environmental & Planning
  • article

    Important Court of Appeal ruling on environmental costs protection under Section 50B

    On 14 October 2021, Ms Justice Costello in the Court of Appeal (COA) delivered her judgment in Heather Hill Management Company CLG and Anor v An Bord Pleanála [2021] IECA 259, overturning an earlier decision of the High Court.

    Environmental & Planning
  • Article

    General Scheme of the Gambling Regulation Bill unveiled

    An outline of the long anticipated legislation to reform Irish gambling laws and establish an independent gambling regulator has now been published. The 224 page General Scheme of the Gambling Regulation Bill was unveiled on 21 October 2021 by James Browne TD, the Minister of State at the Department of Justice who has been tasked with responsibility for gambling law reform.

    Betting, Gaming & Licensing
  • article

    Department of Finance to commence drafting the Insurance (Miscellaneous Provisions) Bill 2021

    On 20 October 2021, the General Scheme of the Insurance (Miscellaneous Provisions) Bill 2021 (the Bill) was published.

    Insurance & Reinsurance