Legal Updates & Insights: P926 -A&L Goodbody LLP

Legal Updates & Insights

  • COVID-19: Central Bank releases capital buffer
    Article

    COVID-19: Central Bank releases capital buffer

    The Central Bank announced on 18 March 2020 that it is effectively releasing the counter cyclical capital buffer that banks which are prudentially regulated by the Central Bank are required to hold.

    COVID-19
  • Northern Ireland companies can seek State Aid during the COVID-19 outbreak
    Article

    Northern Ireland companies can seek State Aid during the COVID-19 outbreak

    Recent news reports have detailed the difficulties many companies are experiencing in response to the COVID-19 outbreak. Whilst the NI Finance Minister and the Chancellor have promised a raft of measures to assist companies – the logistics of which are still unclear.

    COVID-19 Belfast
  • COVID-19: Top 10 Employer FAQs
    Article

    COVID-19: Top 10 Employer FAQs

    COVID-19 is presenting unique and unprecedented challenges for employers who have to grapple with often complex HR and data protection related issues in a rapidly escalating crisis. Employers are anxious to ensure continuity of their business, the health and safety of their employees and compliance with data protection obligations where these arise. Our Employment and Data Protection teams have be

    COVID-19
  • Article

    COVID-19: ESMA requires net short position holders to report positions of 0.1% and above

    ESMA issued a decision temporarily requiring the holders of net short positions in shares traded on an EU regulated market to report positions of 0.1% and above. Net short positions holders must notify the relevant national competent authority (NCA) if the position reaches or exceeds 0.1% of the issued share capital after the entry into force of the decision.

    Asset Management & Investment Funds
  • State Aid will be a feature of the response to the COVID-19 crisis so the European Commission adopts “it will do whatever it takes” approach
    Article

    State Aid will be a feature of the response to the COVID-19 crisis so the European Commission adopts “it will do whatever it takes” approach

    Some businesses in Ireland, the UK and various European Union member states may require State Aid and State support to deal with the current crisis.

    COVID-19
  • COVID-19 and State Aid. Coronavirus: European Commission Upholds Danish State Aid Scheme for Cancellations
    Article

    COVID-19 and State Aid. Coronavirus: European Commission Upholds Danish State Aid Scheme for Cancellations

    On 13 March 2020, the European Commission found as being compatible with EU state law a €12m/DKK 91m scheme operated by Denmark to compensate organisers of events for loss or damage caused by cancellations of large public events due to the COVID-19/Coronavirus outbreak.

    COVID-19
  • Coronavirus: Plan, Prepare and Respond - Guidance for UK & NI Employers  
    Article

    Coronavirus: Plan, Prepare and Respond - Guidance for UK & NI Employers  

    As countries continue to respond to the coronavirus (Covid-19) pandemic, employers are understandably under pressure to ensure they protect their employees, react appropriately and ensure steps taken are in line with national guidance. The UK has announced that it has moved from phase 1 "containment" to phase 2, seeking to "delay" the peak of the outbreak.

    COVID-19 Belfast
  • COVID-19: CBI Statement
    Article

    COVID-19: CBI Statement

    On 4 March 2020 the Central Bank (CBI) issued a statement on COVID-19 indicating that it is monitoring developments closely to assess the impact on the economy and financial system. The short statement also sets out the Central Bank's expectation that regulated firms should have appropriate contingency plans in place to deal with major operational events, should they occur.

    Asset Management & Investment Funds
  • COVID-19 essential update for employers: New Illness Benefit arrangements are imminent
    Article

    COVID-19 essential update for employers: New Illness Benefit arrangements are imminent

    In this, our third bulletin on employment matters related to coronavirus (COVID-19), we focus on the news just announced that the rules on illness benefit will be amended, which will include enabling employees to benefit from state illness benefit earlier than would be the case in normal circumstances.

    COVID-19
  • Central Bank proposals for new Pre-Approval Controlled Functions
    Article

    Central Bank proposals for new Pre-Approval Controlled Functions

    On 25 February 2020 the Central Bank published a 'Notice of Intention' which proposed the addition of a number of new roles to the list of pre-approval controlled functions (PCFs) under the Central Bank's Fitness and Probity Regime.

    Asset Management & Investment Funds
  • Confidentiality Rings Upheld: Goode Concrete v CRH [2017] IEHC 534
    Article

    Confidentiality Rings Upheld: Goode Concrete v CRH [2017] IEHC 534

    The Court of Appeal has upheld a High Court decision in Goode Concrete V CRH PLC & Ors [2017] IEHC 534 in relation to the concept and permissibility of "Confidentiality Rings" in Irish Law.

    Disputes
  • Package Travel and Linked Travel Arrangements Directive
    Article

    Package Travel and Linked Travel Arrangements Directive

    The Commission for Aviation Regulation (CAR) has published a report recommending changes to the rules governing insolvency protection for package travel 'organisers' and 'linked travel arrangement' (LTA) facilitators established in Ireland.

    EU, Competition & Procurement