Domestically, Asset Valuations - FMCs to review asset valuation frameworks by end Q2 2024. At European level, the ESMA updates timeline for its guidelines on ESG and sustainability-related terms in fund names.
Asset Management & Investment FundsDomestically, the Department of Finance launches National Payments Strategy: Public Consultation. At European level, the ECB publishes results of its SREP for 2023 and sets out SSM supervisory priorities for 2024-2026.
FinanceTax policy remains a hot topic at EU level and there is a lot on the agenda for 2024. While the elections to the EU Parliament in June of this year may come with a pause in activity, it is likely to be short lived and we expect to see progress on a number of proposals over the coming months.
TaxAs we have noted previously, the European Commission initially proposed a Corporate Sustainability Due Diligence Directive (the Diligence Directive) on 23 February 2022. The proposed directive then spent several months going through the EU’s legislative process.
Corporate Governance & ComplianceIn a decision handed down late last year, in Churchill v Merthyr Tydfil County Borough Council [2023] EWCA Civ 1416, the Court of Appeal of England and Wales (the Court) has held that courts can order parties to engage in alternative dispute resolution (ADR)
DisputesIn Ireland, there is increasing customer demand for digital payment options and instant payments. Upcoming legislative changes should continue to facilitate the innovation and adoption of new payment offerings.
FinTechThis transaction was the first outbound Cross-Border Conversion of an Irish company and the first Cross-Border Conversion of a regulated insurance company anywhere in Europe. It was also the first Cross-Border Conversion application to come before the Irish Courts.
Insurance & ReinsuranceALG's Pensions team examine some of the key pensions developments to watch out for in 2024 including a summary of some important pensions cases before the High Court and more. Read here
Pensions & IncentivesThe number of Foreign Direct Investment screening regimes is increasing across the EU. Read more here
EU, Competition & ProcurementAs discussed in our previous article in September 2023, late last year, the UK government launched a two-month consultation on whether the UK should join the Hague Judgments Convention 2019 (HJC). This consultation closed on 9 February 2023, with the outcome following on 23 November 2023 that the UK looks set to join the HJC “as soon as practicable”[1].
DisputesEarlier in the year, we reported on the progress of the EU General Product Safety Regulation (GPSR) published in 2021, and the ongoing negotiations between the European Union (EU) institutions to finalise this significant new legislation intended to replace the General Product Safety Directive (Directive 2001/25) (GPSD).
DisputesTransparency allows for the detection of discrimination, raises awareness and stimulates debate around why such pay differences exist. Read more here.
Employment