No privilege in legal advice in a transaction to defraud creditors

Article

The English High Court in London Borough of Brent v Kane [2014] EWHC 4564 has held that legal advice taken in relation to various transactions which the claimant alleged had been made at an undervalue was not protected by privilege, as there was prima facie evidence that the purpose of the legal advice was to structure the transactions in order to allow the client to avoid or reduce the costs of a

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Tracker, Financial Services Regulation & Compliance - Cross Sectoral

Article

On the Domestic Front: Central Bank publishes regulations for credit unions. Voluntary redress scheme for AIB customers is being set up. Central Bank publishes the third issue of Credit Union News. On the International Front: EBA to conduct further analysis on Net Stable Funding Requirements (NSFR) and Leveraged Ratio (LR).

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Tracker, Financial Services Regulation & Compliance - Banking

Article

On the Domestic Front: Central Bank publishes its Internal Rules as the Resolution Authority under the BRRD. On the International Front: EBA publishes technical advice on protected arrangements in a resolution situation. EBA issues final Guidelines on passport notifications for mortgage credit intermediaries.

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Regulation of Lobbying Act 2015

Article

Regulation of Lobbying Act 2015 The Regulation of Lobbying Act 2015 is relevant for everyone doing business in Ireland. The Act, with the exception of Part 4 (which deals with sanctions and enforcement), came into force on 1 September 2015.

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