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Legal Updates & Insights

  • publication

    On probation and not performing? Employers breathe a sigh of relief as fair procedures not required says the Court of Appeal

    The Court of Appeal has issued a landmark decision on dismissals during probation, overturning the High Court's decision in O'Donovan v Over-C Technology Limited and Over-C Limited.

    Employment
  • Article

    ALG co-hosted ‘Ireland’s investment limited partnership’ with DMS Governance

    ALG co-hosted 'Ireland's investment limited partnership' (ILP) webinar with DMS Governance on Tuesday 9 February.

    Asset Management & Investment Funds
  • Article

    Public Consultation on Aspects of the Competition (Amendment) Bill 2021

    A&L Goodbody's EU, Competition & Procurement team has submitted a response to the public consultation on certain aspects of the Competition (Amendment) Bill 2021.

    EU, Competition & Procurement
  • Irish Commercial Court rules on COVID-19 business interruption insurance claims
    publication

    Irish Commercial Court rules on COVID-19 business interruption insurance claims

    The Commercial Court delivered its judgment on Friday 5 February 2021 on insurance claims by various publicans against FBD Insurance for business interruption losses due to COVID-19 and resulting business closures. It ruled against FBD on the four core issues.

    COVID-19
  • publication

    Overview of the Pillar 1 Proposed Tax Dispute Resolution Process

    Pillar 1 of BEPS 2.0 is made up of two parts.  One part, Amount A allocates a portion of deemed residual profits of certain in-scope multinational enterprises (MNE) to market jurisdictions.

    Tax
  • Article

    Financial Services Regulation and Compliance - Insurance Jan 2021

    Domestically, the Insurance (Restriction on Differential Pricing and Profiling) Bill 2021 was published, and the Health Insurance (Amendment) Act 2020 commenced; At European level, EIOPA's Insurance and Reinsurance Stakeholder Group advised EIOPA on the draft opinion on the supervision of the use of climate changes risk scenarios in ORSAs.

    Financial Regulation
  • Article

    Financial Services Regulation and Compliance - Funds Jan 2021

    Domestically, the majority of the provisions of the Investment Limited Partnerships (Amendment) Act 2020 have entered into force; At European level, the ESAs wrote a letter to the European Commission on priority areas of uncertainty in the SFDR.

    Asset Management & Investment Funds
  • Article

    Financial Services Regulation and Compliance - Investment Firms Jan 2021

    Domestically, the CBI launched a consultation on competent authority discretions in IFD / IFR and Mr Gerry Cross, the CBI's Director of Policy & Risk and Asset Management and Investment Banks, gave a speech on the new prudential regime for investment firms set out in IFD / IFR; At European level, ESMA reminded firms of the MiFID II rules on reverse solicitation.

    Financial Regulation
  • Article

    Financial Services Regulation and Compliance - Banking Jan 2021

    Domestically, the CBI published its first quarterly bulletin of 2021 setting out the recovery prospects for the Irish economy in 2021; At European level, the EBA launched a public consultation on its new guidelines on the monitoring of the threshold and other procedural aspects on the establishment of intermediate EU parent undertakings as laid down in the CRD.

    Financial Regulation
  • Article

    Financial Services Regulation and Compliance - General Cross Sectoral Jan 2021

    Domestically, the CBI issued a statement on the end of the Brexit transition period; At European level, the European Commission announced a new strategy to boost the openness, strength and resilience of the EU's economic and financial system for the future.

    Financial Regulation
  • Article

    FSPO publishes volume 5 of Digest of Decisions

    On 3 February 2021, the Financial Services and Pensions Ombudsman (FSPO) published volume 5 of his Digest of Legally Binding Decisions (Digest).

    Disputes
  • article

    CRD V: Key changes for bank holding companies

    CRDV and CRR2 have introduced a number of important amendments to the existing capital requirements regime that apply to credit institutions and certain systemically important MiFID investments firms (Institutions).

    Finance