In a highly publicised decision now over 10 years ago, Paul Begley was found guilty by the Dublin Circuit Criminal Court in 2012 of avoiding the payment of customs duty on more than 1,000 tonnes of garlic imported from China by having the product labelled as apples.
DisputesIn our note of July 2022 we considered European developments regarding the $8b acquisition of GRAIL Inc. (Grail) by Illumina Inc (Illumina), both US headquartered businesses.
Corporate & M&AIn our recent three-part webinar series, ‘Dismissals – It’s Complicated’, we provided our insights on what employers need to know when faced with the most common, and often tricky, dismissals in Ireland. Read our key takeaways here.
EmploymentThe Supreme Court has recently handed down its judgement in Sara Hossein Asset Holdings Ltd v Blacks Outdoor Retail Ltd, which will be of interest to commercial landlords and tenants in NI and persuasive to the NI judiciary. Read more on the decision here.
BelfastDemands for equal treatment in a sporting environment reflect that of the workplace. Read more here.
BelfastOn 10 July 2023 the European Commission adopted an adequacy decision relating to the transfer of personal data from the EU to the US which takes place under the EU-US Data Protection Framework. In this short update we summarise how the framework will operate in practice
TechnologyThe Courts and Civil Law (Miscellaneous Provisions) Act 2023 has been signed into law by the President. New provisions governing an occupiers’ duty of care under the Occupiers’ Liability Act 1995 will take effect once the Act has been commenced.
Insurance & ReinsuranceThe Representative Actions Act was signed by the President on 11 July 2023, having completed its passage through both Houses of the Oireachtas on 4 July 2023. This Act transposes the EU Collective Redress Directive into Irish Law. Read our briefing here.
DisputesA new EU regulatory regime, the Foreign Subsidies Regulation (FSR), will be commencing shortly. It enables the European Commission to scrutinise companies making certain acquisitions, engaging in public procurement, or otherwise carrying out economic activities in the EU which have benefited from non-EU subsidies.
EU, Competition & ProcurementDomestically, the CBI has launched a consultation on its draft composite guidelines on the administrative sanctions procedure. At European level, on 23 June 2023, the EU adopted its 11th round of sanctions against Russia, focussing on enforcement and implementation of existing measures.
Financial RegulationDomestically, the Central Bank of Ireland has published the Insurance Corporation Statistics for Q1 2023. At European level, the European Insurance and Pensions Occupational Authority has published a progress report on greenwashing from an insurance and pensions perspective.
FinanceDomestically, the Department of Finance has launched a public consultation to inform a review of Ireland’s funds sector. At European level, ESMA has released new Q&As on AIFMD and UCITS. ESMA published its follow-up report to the peer review on the guidelines on ETFs and other UCITS issues.
Asset Management & Investment Funds
