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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