With the unprecedented effect COVID-19 has had (and continues to have) many employers breathed a sigh of relief when the UK government announced that the Finance Bill 2020 due to be implemented on 6 April 2020...
Employment & Incentives BelfastOn 7 September 2020, the European Data Protection Board (EDPB) issued draft guidelines on the concepts of controller and processor.
TechnologyThe European Banking Authority and the European Securities Markets Authority have opened a consultation on changes to the Joint ESMA and EBA Guidelines on the assessment of suitability of members of the management body and key function holders.
Proposed revisions to the European Banking Authority (EBA) Guidelines on internal governance (the EBA Guidelines) are currently under consultation.
New Money Laundering Bill 2020
In the second part of our coverage of the Companies (Miscellaneous Provisions) (Covid-19) Act 2020 (the Act), we consider amendments made to certain insolvency provisions of the Companies Act 2014 (the 2014 Act).
Restructuring & InsolvencyThe European Union (EU) "Foreign Direct Investment Regulation" or "FDI Regulation" applies from 11 October 2020
EU, Competition & ProcurementSometimes a wrongful act will not only damage a company, but also its creditors, employees, and shareholders. A doctrine known as the "reflective loss principle" limited the circumstances in which claims could be pursued by such parties for losses "reflecting" those suffered by the company (which could presumably pursue such a claim in its own right).
DisputesOn 7 August 2020, the Financial Services and Pension Ombudsman (FSPO) published volume 4 of its Digest of Legally Binding Decisions; this included 22 decisions which were issued between January 2020 and May 2020.
DisputesSometimes a wrongful act will not only damage a company, but also its creditors, employees, and shareholders. A doctrine known as the "reflective loss principle" limited the circumstances in which claims could be pursued by such parties for losses "reflecting" those suffered by the company (which could presumably pursue such a claim in its own right).
DisputesThe Companies (Miscellaneous Provisions) (Covid-19) Act 2020 (the Act) was commenced on 21 August 2020. The new measures derive, in part, from recommendations of the Company Law Review Group put forward in response to difficulties faced by Irish companies during the COVID-19 pandemic.
Corporate & M&ADomestically, the CBI has issued a number of publications: the COVID-19 and Business Interruption Insurance Supervisory Framework; a thematic assessment of diversity and inclusion in insurance firms; and the findings of a thematic review of the Retail Intermediary Annual Return; At European level, EIOPA has launched its first Solvency II Single Rulebook
Financial Regulation
