Court Considers Personal Liability of Director for Debt

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In Toomey Leasing Group Ltd v Sedgwick & Ors [2016] IECA 280, Court of Appeal, Hogan J, 13 October 2016, the first named respondent (Mr Sedgwick) appealed from a decision of the High Court that he, and the second respondent were personally liable to the applicant in the sum of €48,250 pursuant to Section 297A of the Companies Act 1963.

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Tracker, Financial Services Regulation & Compliance - Funds

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On the Domestic Front: Central Bank publishes AIF Rulebook and AIFMD Q&A; Central Bank published Feedback Statement to the Consultation on amendments to the Central Bank UCITS Regulations. On the EU Front: ESMA issues opinion on UCITS Share Classes; FSB publishes a report which makes recommendations to address structural vulnerabilities from asset management activities.

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The Front Page - Q&A: November 2016

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We are delighted with readers' response to our new Question of the month in the Front Page. Thank you. We invite readers to send topical questions which would be of general interest to readers to A&L Goodbody Investment Funds. Each month we choose a question and publish the question and answer. We look forward to hearing from you.

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