The economic damage resulting from the coronavirus-induced national lockdown has led to ‘life or death’ decision-making by directors. Nonetheless, directors’ actions are still vulnerable to scrutiny by shareholders, and a significant risk in a legal dispute is the derivative action.
COVID-19 BelfastThe Irish government recently published its strategy for national remote working, called "Making Remote Work" (the Strategy).
Employment
As Ireland is facing into potentially the longest lockdown since the COVID-19 pandemic began, employers and employees once again find themselves in need of financial support from the Irish government.
COVID-19The recent English Court of Appeal case of Sara & Hossein Asset Holdings v Blacks Outdoor Retail [2020] EWCA Civ 1521 is of interest to both landlords and tenants – particularly in respect of the amount payable under the service charge and the landlord’s ability to recover service charge arrears.
Litigation & Dispute Resolution BelfastIn December 2020, the Health and Safety Authority (HSA) published its Annual Review of Workplace Injury, Illness and Fatality Statistics for 2018-2019.
Health & SafetyThe CBI has threatened to sanction certain aircraft lessors and other 'Schedule 2 firms' if they are AML non-compliant. In our latest publication, we provide practical guidance on managing this risk.
Financial RegulationThe EU and UK concluded a Trade and Cooperation Agreement effective from 1 January 2021. There is little in it for financial services and the implications for Irish regulated investment funds are, for the moment at least, effectively the same as if there had been no-deal.
Asset Management & Investment FundsThe Central Bank's Individual Accountability Framework is much-anticipated, with draft heads of Bill originally promised for year-end 2019. Although the Bill is on the government's legislative programme, no draft has been published as yet.
Financial RegulationThe European Banking Authority is consulting on Draft Guidelines on internal governance for investment firms categorised as Class 2 firms under the Investment Firms Directive.
Financial RegulationAn optimistic start to 2021 for the Irish gambling industry, with recent media reports indicating that the long awaited Gambling Regulator will be established by the summer of 2021.
Betting, Gaming & LicensingIreland's Department of Enterprise, Trade and Employment – the Irish Government's business ministry – has commenced a public consultation to review certain aspects of competition law in Ireland.
EU, Competition & ProcurementOn 12 October 2020, the OECD/G20 Inclusive Framework on BEPS released the Pillar One and Pillar Two Blueprints, together with a public consultation document seeking stakeholder input on the Blueprints.
Tax
