Tracker, Financial Services Regulation & Compliance - Banking

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On the Domestic Front: Key provisions of the Credit Reporting Act 2013 enter force; On the EU Front: EBA publishes final standards specifying information requirements for the authorisation of credit institutions; The Commission consults on the development of secondary markets for non-performing loans and distressed assets and protection of secured creditors from borrowers’ default.

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Tracker, Financial Services Regulation & Compliance - Funds

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On the Domestic Front: Update of the Investment Limited Partnership and ICAV legislation announced; On the EU Front: ESMA issues opinion on Asset Segregation and Custody Services; ESMA issues opinion supporting supervisory convergence in the area of investment management in the context of Brexit.

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High Court re-affirms law regarding tenants who claim entitlement to remain in possession under a lease granted without lender consent

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National Asset Loan Management Ltd v Southlodge Inns Ltd [2015] IEHC 109 is the latest in a line of cases confirming the position originally laid down in ICC v Verling & Ors. [1995] 1 ILRM 123 that a lease granted by a borrower without the consent of its lender (as stipulated by the mortgage deed) is void as against the lender and cannot inhibit the lender in invoking its right to enforce the secu

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