The European Banking Authority (EBA) is seeking responses to its consultation paper EBA/CP/2020/08 on variable remuneration for employees of investment firms. Interested parties have until 4 September 2020 to submit their responses.
Financial RegulationThe old rule for admitting business records was that they had to be proven by a witness at trial. This even applied to routine records such as delivery dockets, purchase orders, invoices, and statements of account.
DisputesOn 28 February 2020, Ireland's Competition and Consumer Protection Commission (CCPC) announced that it had closed its investigation into alleged anti-competitive practices in the "bagged cement sector".
EU, Competition & ProcurementMMFR stress testing, ESMA recommendations for the AIFMD and UCITS Directive, taxonomy-related disclosures and reporting non-financial information, reporting of net short positions, low carbon benchmarks, UCITS & AIFMD sustainability revisions, cybercrime, the EU sanctions blocking regulation, AML/ CFT
Asset Management & Investment FundsCBI markets update, company law update, CBI statement on e-signatures, cybersecurity, Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Bill 2020, CBI Submission to EU Commission's AML/CFT Action Plan, Beneficial ownership and Irish investment funds
Asset Management & Investment FundsQ&A of the month. Is the method for submitting AML/CFT Suspicious Transaction Reports (STRs) to Revenue changing?
Asset Management & Investment FundsIn 2014 Ireland took the lead in whistleblower protection with the introduction of the Protected Disclosures Act. It actively promoted a cultural shift towards encouraging employee whistleblowers by offering them significant protections from penalisation.
EmploymentThe UK electricity regulator, Ofgem, has called for industry feedback on ways to improve coordination in offshore electricity transmission infrastructure. This feedback will inform a wider review of the UK's offshore transmission network, launched in July 2020.
Climate Action
On 25 August 2020, the European Commission approved Ireland's plan to provide €50m worth of State aid to the Irish beef sector to address the impact of COVID-19.
COVID-19A recent Court of Appeal decision (89 Holland Park (Management) Limited -v- Hicks [2020] EWCA Civ 758) held that it was possible to object to a neighbour’s proposed works to land or property on aesthetic grounds, provided the refusal was reasonable.
Litigation & Dispute Resolution BelfastMarie O'Brien & David Berkery look at some of the key trends and developments in the aviation finance and leasing industry in Ireland such as talent, tax developments, aircraft leasing eco-system, ABS developments, climate action targets, and general market trends, and how they may shape the future of the industry.
Aviation & Transport Finance
Following the Northern Ireland assembly announcement on 20 August 2020, it has been confirmed that tightened restrictions are due to come into effect in Northern Ireland from early next week.
COVID-19 Belfast
