There have been many developments at domestic level, including the entering into force of the Judicial Council Act 2019 which provides for the establishment of a Personal Injuries Guidelines Committee...– There were also developments at European level, including the publication of Regulation (EU) 2019/1150 on promoting fairness and transparency for business users of online intermediation services.
Financial RegulationDomestic News – This month, CBI published the results of its Bank Lending Survey for July 2019, as well as information on the criteria used in the supervisory review and evaluation process...
FinanceDomestic News – There have been some developments at domestic level, including a speech by Acting Governor of the CBI, Sharon Donnery on issues facing the Irish economy. The CBI also published several Submission Templates and pieces of Guidance on their website under the Prospectus Regulation. There have been many developments at a European level, including the publication of Regulation (EU) 2019.
Financial RegulationWith the immediacy (and uncertainty) of Brexit, the MSA's is not top of the list for many organisations. However, July 2019 saw a significant development in this legislation with the UK Government's commitment to toughen section 54 of the MSA, specifically in regard to enforcement following the launch of a new consultation (the Consultation)...
Employment & Incentives BelfastThere is currently some commentary in the marketplace regarding the recently enacted Local Government Rates and Other Matters Act 2019 which is giving rise to concerns that landlords will be required to assume liability for their tenants’ rates. This arises from a particular section of the Act which provides that, on the sale of property which is subject to rates, the vendor must first discharge..
Commercial PropertyCatherine Duffy, Vincent Power and Eileen Roberts, Partners at A&L Goodbody, provide an overview of shipping law, the shipping industry, shipping contracts, regulation and the legislative framework in Ireland.
EU, Competition & ProcurementIn Clarke v Colorman (Ireland) Ltd [2019] IEHC 50, the Commercial Court determined that an expert determination clause in a Shareholders' Agreement could be enforced through the granting of a stay on Commercial Court proceedings on the basis that expert determination would protect confidential commercial information.
DisputesLast year more than 10,000 people were granted Irish citizenship. In light of developments in the High Court in the past two weeks, many of these people may count themselves lucky.
EmploymentA review of State Aid law and policy in Ireland 2019
EU, Competition & ProcurementThe 2018 annual report (Report) of Ireland's Competition and Consumer Protection Commission (CCPC) has been laid before the Houses of the Oireachtas (the Irish parliament) and is expected to be published by the CCPC shortly.
Corporate & M&AIn recent weeks you will have seen the high-profile press coverage of the Information Commissioner’s Office (ICO) announcement of its first potential fines under the GDPR enforcement regime. British Airways (BA) and Marriott International Inc. have been notified by the ICO that it intends to fine them £183.39m and £99.2m respectively. The scale of these fines has put down a clear marker for data
BelfastESMA issued a consultation on guidelines for performance fees in UCITS on 16 July 2019. The date for responses to the consultation is 31 October 2019...
Asset Management & Investment Funds
