On 4 September 2020, the High Court dismissed procurement proceedings brought against Kildare County Council's (KCC) relating to its decision to eliminate a bidder from a tender competition for failure to submit a quality submission and proposing abnormally high and low rates.
EU, Competition & Procurement
A look at the options available to Irish aircraft leasing companies facing distress as a result of COVID-19 and examine the legal and tax implications of formal and informal debt restructuring processes.
Aviation & Transport FinanceThe Bulletin sets out the outcomes from a recent series of inspections and outlines the Central Bank's current regulatory expectations in relation to transaction monitoring. The key aspects of the Central Bank's observations in this regard are discussed below. Notable outcomes from inspections Interconnectivity of requirements The Central Bank's Anti-Money Laundering Division identified fail
Financial RegulationA number of new additions to the Central Bank's list of pre-approval controlled functions will require action from affected financial services providers before 16 November 2020.
Financial RegulationIn Dempsey v An Bord Pleanala1, the question arose as to whether the High Court (the Court) retained a discretion to rule on the validity of a planning permission which had been challenged, notwithstanding the parties' agreement to settle the case.
Environmental & Planning
The ongoing COVID-19 pandemic required an urgent and unprecedented response from the government in an attempt to safeguard the healthcare service and to protect the economic wellbeing of the country. The government implemented monetary aid schemes to alleviate financial stress on individuals and businesses and in order to access resources quickly, the government decided to award...
COVID-19Our Global Fund Registration Services team looks at implications for investment funds marketed in the UK of the Financial Conduct Authority's temporary permissions regime, which has re-opened its notification window from 30 September to 30 December 2020
Asset Management & Investment Funds
On 19 October 2020, the Irish government decided that, as of midnight on Wednesday 21 October 2020, the whole country will be placed on Level 5 of the Plan for Living with COVID-19, with a small number of exceptions, for a period of six weeks. Only essential retail and essential services will remain open.
COVID-19The Central Bank of Ireland (CBI) has issued an industry letter to all FMCs following the conclusion of its thematic inspection of compliance with its Fund Management Companies – Guidance (Guidance). It is encouraging to note the review's finding that , when applied correctly, the rules and guidance provide a framework of robust governance, management and oversight arrangements.
Asset Management & Investment FundsThe temporary permissions regime operated by the Financial Conduct Authority in the UK, or TPR, reopened on 30 September 2020. Our team put together some answers for fund managers of Irish investment funds to some practical questions about the operation of the TPR, including during the notification window which remains open until 30 December 2020.
Asset Management & Investment FundsWith the UK's immigration system set to change fundamentally in the coming months, companies across Northern Ireland must act now to ensure that EU national employees preserve their right to work here after 31 December 2020.
Employment & Incentives BelfastOn Tuesday 13 October 2020, Minister for Finance, Paschal Donohue TD and the Minister for Public Expenditure and Reform, Michael McGrath TD, presented Budget 2021. In this publication we look at Budget 2021 and what it means for the hospitality sector.
Disputes
