Firms must manage corruption risks

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Prior to joining A&L Goodbody, I spent a number of years working for the UK Serious Fraud Office, investigating and prosecuting corruption cases which have made headlines worldwide. This gave me an insight into the internal workings of various companies who found themselves on the wrong end of corruption investigations. In all cases, there were a number of corruption indicators which should ha...

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The new EU Regulation on the screening of Foreign Direct Investments

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On March 19, 2019, the European Union (EU) formally adopted Regulation (EU) 2019/452 of the European Parliament and of the Council establishing a framework for the screening of foreign direct investments (FDI) into the EU (the Regulation). The Regulation, which covers a broad category of foreign investments affecting “security or public order” will came into force on April 10, 2019 and will apply

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Re-registration of a company as another company type in the course of legal proceedings - Start Mortgages v Kavanagh

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In Start Mortgages v Kavanagh [2019] IEHC 216,  the High Court confirmed that, where legal proceedings had commenced, it was not necessary for a company to make a formal application to court to reflect its change in status from a limited liability company to a designated activity company under the Companies Act, 2014.  The point arose in the course of proceedings taken by Start Mortgages for p...

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Beneficial Ownership requirements affecting trusts and corporate entities

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The European Union (Anti-Money Laundering: Beneficial Ownership of Corporate Entities) Regulations 2019 came into force on 22 March 2019, with the exception of Part 3 (which deals with the Central Register of Beneficial Ownership and which will come into force on 22 June 2019). See here for more detail. We are re-issuing this In Focus paper to clarify that PPS numbers are not required to be, a...

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