The EBA published its opinion on the ML/TF risks that are affecting the EU's financial sector. This opinion sets out suggested actions addressed to national competent authorities (NCAs), based on the findings set out in the report annexed to the opinion.
Asset Management & Investment FundsDirector General for Financial Conduct, Derville Rowland, outlined the Central Bank of Ireland's (Central Bank) priorities for consumer and investor protection for 2021 at an online event on 16 March 2021. The priorities for consumer and investor protection for 2021 include a review of the Consumer Protection Code, a focus on the insurance industry and progressing enforcement cases.
Financial RegulationIn delivering its judgment in Ennis vs Allied Irish Bank plc1 , the Supreme Court provided useful guidance as to the tests to be applied when assessing whether new arguments and new evidence may, in certain circumstances, be adduced in an appeal against a summary judgment and / or an interlocutory order.
DisputesThe Supreme Court this week delivered judgment in two separate security for costs appeals.
DisputesDespite being announced on 24 December 2020 and signed on 30 December 2020, the TCA is still not in full force. For example, it is still only "provisional". The European Parliament and the European Council have yet to sign off on the document. It is expected that they will sign off by the end of April 2020. So, Brexit is not yet done!
Brexit
In a series of articles last year, we explored the development of remote courts in Ireland as a result of the pandemic. Twelve months on, it seems that remote courts are here to stay. In this update, we address the recent decisions and legislation which have reinforced and expanded the use of remote courts and we consider what the future might hold.
COVID-19On 9 March 2021, the Irish Competition and Consumer Protection Commission (CCPC) published its Consumer Protection List for the period 1 January to 31 December 2020.
EU, Competition & ProcurementTo secure Ireland’s competitiveness in international financial services, the Investment Limited Partnerships (Amendment) Act ('2020 Act') has made several improvements to the ICAV Act.
Asset Management & Investment FundsDr Vincent Power, Head of A&L Goodbody's EU, Competition & Procurement Group, provides an overview of the legal framework, policies and guidance in relation to cartels and leniency law in Ireland.
EU, Competition & ProcurementSome mergers and acquisitions in the pharma sector have proved challenging and controversial. Given the impact of COVID-19, it is likely that pharma deals will be scrutinised even more thoroughly now and in the future by the various national and international competition agencies.
EU, Competition & ProcurementIn these pandemic times, it is not surprising that Irish consumers are flooding the digital high street seeking out the latest trends and treats.
DisputesOn 5 February, the European Commission published a Working Paper setting out guidance on the circumstances which may warrant disapplication of the prohibition on anti-competitive arrangements contained in Article 101(1) TFEU in cases where the same entity acts both as an independent distributor and as an agent for products of the same supplier.
EU, Competition & Procurement
