Aug 2023

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On 17 August 2023, the Irish High Court delivered judgment in K&J Townmore Construction Limited v Keogh [2023] IEHC 509. The key question for the court was whether a challenge to an adjudicator’s jurisdiction should take place before the adjudication process, by way of judicial review, or after the adjudication process, by way of enforcement proceedings under the Construction Contracts Act 2013.

Aug 2023

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The last item of business before the collapse of the Stormont executive last year was the passing of the Climate Change (Northern Ireland) Act 2022. The act came into force in the summer of 2022 and set out a pathway for Northern Ireland to decarbonise. We consider where Northern Ireland is one year on. Read more here.

Aug 2023

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This article explores the key considerations of the incoming regime for private equity deals in Ireland, with a particular focus on practical implications for sponsors considering transacting in Ireland.

Aug 2023

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On 11 August 2023, the Irish High Court delivered judgment enforcing two adjudicator’s decisions in DNCF Ltd. v Genus Homes Ltd. Central to the judgment is a consideration of whether an adjudicator is under a positive obligation to request further and better particulars in relation to the positions advanced by the parties.

Aug 2023

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Domestically, the CBI has issued a dear CEO letter reminding high-cost credit providers of their AML / CFT obligations, as well as issuing a letter to the chairs of trading venues regarding their trade surveillance obligations under MAR. At European level, the European Commission has adopted the European Sustainability Reporting Standards.

Aug 2023

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Domestically, amendments to the Occupiers’ Liability Act 1995 under the Courts and Civil Law (Miscellaneous) Act 2023 become law. At European level, EIOPA published a report on National Competent Authorities’ supervision of the application of product oversight and governance requirements.

Aug 2023

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Domestically, the CBI has published a discussion paper on macroprudential policy for investment funds and is seeking feedback via a public consultation. At European level, the European Parliament and the Council have reached provisional political agreement on reform of the AIFMD and UCITS directive.

Aug 2023

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Domestically, the Department of Finance has published the results of its consultation under the Credit Servicers Directive. At European level, the ECB has announced forthcoming changes to the TIPS pricing structure.

Aug 2023

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Domestically, a statutory instrument recognising the status of dematerialised securities under Irish company law has been passed. At European level, the European Parliament and the Council have reached provisional political agreement on reforms enhancing market data transparency under MiFIR and MiFID.

Aug 2023

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On 28 July 2023, the Court of Appeal gave its judgment in The People (DPP) v Palfinger Ireland Limited [2023] IECA 217. The Court reviewed the sentence imposed by Limerick Circuit Court in October 2022. Read more here.