Updated Irish ad code beefs up gambling requirements

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The Advertising Standards Authority for Ireland (‘ASAI’), an independent self-regulatory body, published on 17 September the seventh edition of its Code of Standards for Advertising and Marketing, of which Section 10 now specifically covers gambling; the latest Code is due to take effect on 1 March 2016.

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Cyber Risk – Is Your Business Prepared?

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Cyber security breaches are continually hitting national and international headlines and the need to be proactive to safeguard your business against such risks is increasingly important.

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The War on Renewables?

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It is safe to say that the recent budget announced by Chancellor George Osborne came as something of a shock to the clean energy industry.

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Penalty Clauses in the Context of Leaver Provisions

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Provisions allowing one party to withhold or forfeit future payments following a breach, or exit provisions allowing an innocent party to buy out a defaulting party at below market value, are common features in a wide range of corporate and commercial agreements.

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Assignment of a Bare Cause of Action void as being Champertous

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SPV Osus Limited -v- HSBC International Trust Services (Ireland) Limited & ors [2015] IEHC 602 arose out of the Madoff fraud. Optimal Strategic US Equity Limited (OS) invested nearly all of its assets in Madoff funds and had a claim as an unsecured, non-preferential, creditor in the Madoff bankruptcy (the Allowed Customer Claim).

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