Updates to the Central Bank UCITS Regulations were published by the Central Bank of Ireland (CBI) on 6 June 2019. This follows CBI consultation CP119 which proposed amendments to the Central Bank UCITS Regulations.
Asset Management & Investment FundsThe ESMA UCITS Q&A updated on 29 March 2019 clarifies benchmark and past performance disclosure obligations in UCITS KIIDs....
Asset Management & Investment FundsThe Central Bank of Ireland (CBI) completed its review of China Bond Connect and from 21 March 2019 Irish UCITS and AIFs may use Bond Connect. Bond Connect is designed to provide international investors with access to the China bond market.
Asset Management & Investment FundsIn a further milestone for the holiday pay saga, the Northern Ireland Court of Appeal handed down its judgment of the appeal of the Industrial Tribunal decision in Alexander Agnew and Others v Chief Constable for the Police Service of Northern Ireland, effectively dismissing the appeal on all grounds and upholding the Tribunal's decision.
BelfastIreland has a unique position in the midst of the Brexit debate. Logistically for employers, Brexit has the potential to cause huge issues, particularly where employees' roles require frequent travel across the EU. We have set out the top five issues that Irish employers will face after Brexit
BrexitThe Carriage of Dangerous Goods (Amendment) Regulations (Northern Ireland) 2019 will come into operation on 18 June 2019. The new regulations, when in effect, will amend the Carriage of Dangerous Goods and Use of Transportable Pressure Equipment Regulations (Northern Ireland) 2010. In Northern Ireland, the regulations will transpose, in part, the radiological emergency preparedness and response re
Environmental & Planning BelfastGrievance procedures sometimes take a back seat for employers compared to disciplinary matters and urgent HR issues. However, failure to address grievances in a timely and thorough manner can expose employers to significant financial and reputational risk.
BelfastIn Tír Na N-Óg Projects (Ireland) Ltd v P.J. O'Driscoll & Sons [2019] IECA 154, Peart J, for the Court of Appeal, found that the applicant's failure to institute judicial proceedings to obtain a default planning permission within the prescribed time limit was the prima facie cause of the respondent's inability to satisfy a future costs order. The Court of Appeal upheld the decision of the High...
DisputesIn Waterford Credit Union Ltd v J & E Davy [2019] IECA 157 the Court of Appeal refused discovery of a category of documents, even though it deemed them both relevant and necessary, because the plaintiff's solicitors had breached their undertaking not to disclose information contained in documents discovered in unrelated proceedings. Peart J refused to order discovery to prevent the defendant su...
DisputesMáire Conneely (Litigation & Dispute Resolution Senior Associate) recently attended the IAGA International Gaming Summit in California (4-6 June). Over the course of three days, the 2019 Summit included a wide range of sessions focused on key issues facing the global gambling industry. As part of this Máire featured an article in the June Issue of G3 (Global Games and Gaming Magazine) where sh...
Betting, Gaming & LicensingThis decision clarified that all employers must have a suitable system in place to ensure they are recording employees’ daily and weekly working hours. As Ireland’s working time legislation already requires employers to keep such records, this case may not have the same ramifications for employers here as it will have for employers in other European Union jurisdictions. That said, the practica...
EmploymentDomestic News – There are many noteworthy items to report cross-sectorally on the domestic front this month, however the most notable being, the keynote speech on the topic of the Senior Executive Accountability Regime (SEAR) delivered by the Director General of the CBI Derville Rowland. European News - On the European front, ESMA has published data for the double volume cap and the system int...
Financial Regulation
