Oct 2020

Article

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.

Oct 2020

publication

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.

Oct 2020

Article

The 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

Oct 2020

Article

A 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.

Oct 2020

Article

In 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.

Oct 2020

article

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...

Oct 2020

publication

Our 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

Oct 2020

publication

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.

Oct 2020

article

The 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.

Oct 2020

article

The 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.