In Leahy v Doyle & anor [2016] IEHC 177, the High Court issued orders of restriction in respect of directors of two companies (Gingersnap and Scappa), under Section 150 of the Companies Act 1990 (now Section 819 of the Companies Act 2014).
DisputesSignificant reforms to Ireland’s outdated gambling laws have long been promised. Most notably, in July 2013 the Government published the draft scheme of the Gambling Control Bill (the Bill).
Betting, Gaming & LicensingSince the publication of our Client Alert dated 16 May 2017, the Companies Registration Office has published revised information regarding: (1) the timelines for the launch of the central beneficial ownership register for companies and industrial and provident societies(Central Register); and (2) the time frame for companies and I&Ps to make relevant beneficial ownership filings on the Central Reg
Corporate Governance & ComplianceWhat does a Fund need to do to prepare for the General Data Protection Regulation (GDPR) which will come into force on 25 May 2018?
Asset Management & Investment FundsOn the International Front we look at the ESMA principles on a supervisory approach to relocations from the UK, ESMA Q&As for AIFMD and UCITS, MMF Regulation, PRIIPs, FinTech and Anti- Money Laundering/ Combating the Financing of Terror/ Corruption.
Asset Management & Investment FundsIn Irish practice developments: we look at some approaching deadlines, a CBI Markets Update, ETFs, GoAML, Central Beneficial Ownership Register for Companies, Companies (Accounting) Act 2017, FATCA/ CRS and a Speech by Gerry Cross, Director of Policy and Risk at the Central Bank.
Asset Management & Investment FundsOur client, a US aircraft lessor, had contracted to sell an aircraft and related engines. However, the purchaser indicated that it would not complete the purchase, unless a series of international interests registered in the International Registry against the Aircraft, in respect of a long expired sublease, were discharged
Aviation & Transport FinanceIn a High Court decision of 22 May 2017, Baker J rejected a proposal by a secured lender to write down a portion of a debtor couple's mortgage debt. This proposal was rejected because future repayment of the warehoused part of the loan was not predicated on an ability to repay and the proposal was therefore capable of creating circumstances amounting to insolvency at the end of the mortgage term.
Restructuring & InsolvencyThe Offer of Amends procedure is designed to provide parties in a defamation dispute with a fast track resolution process; encouraging earlier and more cost effective settlements
DisputesThe Supreme Court today (23 May 2017), by a majority of four to one, upheld a High Court ruling which found that commercial funding of the litigation in Persona Digital Telephony Ltd & anor v The Minister for Public Enterprise, Ireland & ors would amount to maintenance and champerty and was prohibited by law. The Supreme Court observed that issues surrounding litigation funding were complex matter
DisputesClaire Morrissey, IP & Technology Partner and Peter Walker, Banking & Finance Partner, outline the current laws and regulations relating to FinTech in Ireland. First published in The International Comparative Legal Guide (ICLG) to: FinTech 2017 by Global Legal Group Ltd.
TechnologyIn a recent decision by the Circuit Court in Ireland, it was held there is no legal guarantee under Irish law that gamblers will be paid their winnings as the applicable legislative regime in Ireland, the Gaming and Lotteries Act 1956 ("the 1956 Act"), prohibits the enforcement of gambling contracts. Joe Kelly, Partner, and Head of Gaming & Betting, discusses the wider implications of this court d
Betting, Gaming & Licensing
