Public bodies across the globe urgently require essential goods and services to combat the COVID-19 outbreak. The European Commission has published helpful guidance which acknowledges that direct award of contracts to suppliers without tender competitions may be justified at this time.
COVID-19
The NI Department of Health published regulations on Saturday imposing new restrictions on businesses in Northern Ireland.
COVID-19 Belfast
Many individuals and businesses contending with the ongoing COVID-19 pandemic should be aware of some of the emergency measures being put in place to protect the public from the economic and social effects of the pandemic.
COVID-19
Irish financial services firms will be aware of the fact that banking and financial services are considered essential services during the COVID-19 pandemic under guidance published by the Department of the Taoiseach on 28 March 2020.
COVID-19
The European Union has faced various tests in recent years. COVID-19 is testing the EU's responses in both new and well-tried ways. It is useful to take an overview of some of the EU's responses:
COVID-19
Landlords and tenants are facing issues that have never arisen before as a result of the impact of COVID-19. We are continually reviewing this ever changing situation, however, the following are some of the questions that have been raised with us and our responses...
COVID-19 Belfast
The European Commission has found a €200m Irish scheme (the Irish Scheme) to support companies affected by the COVID-19 outbreak to be in conformity with the EU's State aid rules. This is consistent with a number of other recent State aid notifications by other Member States (such as Germany, France, UK and Spain) to the European Commission in the context of the COVID-19 outbreak.
COVID-19
One of the measures included in the emergency Coronavirus Bill currently going through Parliament is a moratorium on forfeiture of commercial leases for non-payment of rent for the next three months. This period may be extended if needed.
COVID-19 BelfastCovid 19, Cross-border distribution of funds, MMF reporting delay and stress tests, ESMA consultation on leverage risk in the AIF sector, PRIIPs KID, UK consultation on marketing and overseas funds regime and AML/CTF
Asset Management & Investment FundsIrish SRD II Regulations, Covid-19, Beneficial Ownership for ICAVs and Unit Trusts, Cybersecurity, AML Financial Intermediary Guidelines, split of PCF-39 roles and AML report.
Asset Management & Investment FundsCOVID-19: Governance, contingency planning and risk for regulated investment funds and regulated financial service providers established in Ireland.
Asset Management & Investment Funds
The COVID-19 pandemic has led to uncertainty as to the enforceability of certain commercial contracts. Where parties to a contract have not specifically included a force majeure/material adverse change clause, the common law doctrine of frustration may be brought to bear to bring the contract to an end.
COVID-19
