Financial Services Regulation and Compliance - Insurance May 2023

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Domestically, phase 2 of the Personal Injuries Resolution Board Act will take effect from 4 September 2023. At European level, the European Insurance and Occupational Pensions Authority published its regular updates on technical information and risks posed to the insurance sector.

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Financial Services Regulation and Compliance - Funds May 2023

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Domestically, Deputy Governor of the CBI, Vasileios Madouros, and Minister for Finance, Michael McGrath, delivered speeches on 'Building Resilience in Markets' and on a review of the funds sector in Ireland respectively. At European level, the European Commission's retail investment package has been issued.

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Workplace suspensions: the Supreme Court clarifies the law

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Allegations of misconduct can arise in any workplace and employers often find themselves having to consider whether to place an employee on suspension, with pay, pending the outcome of an investigation and/or disciplinary process. Read more on the Supreme Court's latest clarifications here.

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EU Maritime Shore Power Ambitions

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The FuelEU Maritime proposal seeks to reduce greenhouse gas emissions in the global maritime industry. This proposed regulation is still under consideration with the respective committees of the European Council and Parliament although a preliminary deal was reached in March 2023. Read more on the key proposals

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Right to set-off: Contractual v Equitable set off

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Where two parties have financial claims against each other, rights of set-off allow one party to deduct or "off-set" their debts or liabilities against monies owed by the other party and only pay the remaining balance.

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