General Court decision in Illumina/Grail to lead to greater EU merger control scrutiny of sub-threshold deals?

Jul 2022

article

On 13 July 2022, the General Court of the European Union (the General Court) handed down its judgment in Case T-227/21 concerning an action brought by Illumina, Inc. (Illumina) and Grail LLC (Grail) to challenge the decision of the European Commission (the Commission) to review the acquisition of Grail by Illumina (the Transaction). 

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Irish competition agency clears unconditionally the sale by NatWest/Ulster of certain assets to Permanent TSB

Jul 2022

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On 21 July 2022, Ireland's Competition and Consumer Protection Commission (CCPC) announced that it has approved unconditionally the proposed acquisition by Permanent TSB plc (PTSB) of certain assets of Ulster Bank Ireland DAC (UBIDAC) (part of NatWest) after a Phase 2 investigation.

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UK Court of Appeal offers guidance in interpreting choice of law and jurisdiction clauses in insurance contracts

Jul 2022

article

On 10 June 2022, in AIG Europe SA and others v John Wood Group plc and another [2022] EWCA Civ 781, the UK Court of Appeal (the Court) upheld a Commercial Court decision maintaining an anti-suit injunction granted to insurers, preventing the continuation of proceedings in Canada.

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Political agreement reached on the EU Foreign Subsidies Regulation - European Commission oversight of non-EU subsidies

Jul 2022

article

On 30 June 2022, the Council and the European Parliament reached a provisional political agreement on the regulation on foreign subsidies distorting the EU’s internal market (the Regulation).

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The Insurance (Miscellaneous Provisions) Act 2022 – Disclosure of Deductions from Claim Settlements

Jul 2022

article

In previous commentary, we noted that the Commencement Order of the Insurance (Miscellaneous Provisions) Act 2022 (the Act) was signed on 7 July 2022, commencing most provisions.

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“Land war in Europe” was ground for extending examinership

Jul 2022

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To assist companies under pressure during the pandemic, the government extended the time period within which companies may be protected from 100 days to 150 days, provided the company can demonstrate “exceptional circumstances” for needing additional time.

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High Court ruling on the exercise of discretion in granting statutory injunctions under section 99H of the EPA Act 1992

Jul 2022

Article

On 16 March 2022, Ms Justice Phelan, delivered judgment in the High Court in Harte Peat LTD -v- Environment Protection Agency & Ors [2022] IEHC 148.

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The EU Foreign Subsidies Regulation - European Commission oversight of non-EU subsidies

Jul 2022

publication

On 30 June 2022, the Council and the European Parliament reached a provisional political agreement on the regulation on foreign subsidies distorting the EU’s internal market (Regulation).

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ESMA report on the CSA on costs and fees for investment funds

Jul 2022

publication

ESMA published a report on the Common Supervisory Action on costs and fees for investment funds. The Common Supervisory Action (on UCITS) was carried out with National Competent Authorities during 2021.

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Regulation of gambling advertising in focus: Oireachtas produces detailed paper

Jul 2022

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On 14 July 2022, Oireachtas Senior Parliamentary Researchers Eoin McLoughlin and Emily Heery published a research paper on the 'Regulation of Gambling Advertising'. It comes ahead of the publication of the forthcoming Gambling Regulation Bill and considers some of the key issues impacting gambling advertising in Ireland.

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