IFSC.ie Legal Features

Airdrops: Are free tokens free from regulation?

17/07/2018 - Airdrops – a mechanism whereby token issuers effectively give away tokens for free – has become one of the most talked about trends in cryptocurrency so far in 2018.

Parental Leave Bill Passed by Dail

04/07/2018 - The Parental Leave (Amendment) Bill 2017 (the "Bill"), which extends the applicability and duration of parental leave, was passed by the Dail.

Fifth Anti-Money Laundering Directive published

03/07/2018 - The text of the fifth Anti-Money Laundering Directive (5AMLD) has been published in the Official Journal of the EU. 5AMLD will amend the fourth Anti-Money Laundering Directive (4AMLD

A New Era – Corruption Legislation Passes Through the Irish Parliament

02/07/2018 - The Criminal Justice (Corruption Offences) Bill 2017 (the "Bill") was passed on 30 May 2018 by the Seanad (the Irish Senate), concluding its passage through the Oireachtas (the Irish Houses of Parliament).

Gender Pay Gap reporting legislation approved by Cabinet

02/07/2018 - Cabinet approved the General Scheme of the Gender Pay Gap Information Bill.

Lessee Beware: English Commercial Court upholds tough terms of aircraft engine lease

12/06/2018 - In the recent case of Aquila WSA Aviation Opportunities II Ltd v Onur Air Tasimacilik AS [2018] EWHC 519, the English Commercial Court ruled in favour of the Plaintiff,

Gender Pay Gap Reporting in Ireland – Back in the Spotlight

07/06/2018 - Gender pay gap (GPG) reporting continues to be a focal point for UK employers following the requirement for employers with more than 250 employees to publish details of their median pay and bonus gaps before last month's deadline.

European Commission Proposes Legislation to Facilitate Cross-Border Distribution of Funds

01/06/2018 - On 12 March 2018, the European Commission published draft legislative proposals that are aimed at removing certain regulatory and administrative barriers to the cross-border distribution of investment funds within the EU.

The Impact of GDPR on the Aviation Industry

31/05/2018 - For the aviation industry, this means that data protection obligations will significantly expand under the regulation and companies operating in the industry must ensure they are compliant with their legal obligations by the May 2018 deadline.

Fake Law Firms

29/05/2018 - Now that we have the concept of fake news why not fake law firms and fake law awards.

High Court Confirms Legal Privilege Attaches to Documents Created in Regulatory Investigations

15/05/2018 - The President of the High Court, Mr Justice Peter Kelly, recently delivered judgment regarding information produced by the respondent, Mr Leslie Buckley, former Chairman of Independent News and Media plc ("INM"), to the Director of Corporate Enforcement (the "Director") over which the respondent had asserted legal privilege.

Proposed Amendment to Meaning of "Credit" in Credit Reporting Act 2013

15/05/2018 - Legislation presented to the Dáil last week proposes to amend the definition of "credit" in the Credit Reporting Act 2013 so that personal contract plans and hire purchase agreements fall within the ambit of that Act.

Report of the Financial Services Ombudsman 2017 – A Summary

15/05/2018 - The Report of the Financial Services Ombudsman (FSO) issued on 29 March 2018. As always, it contains interesting insights on trends and outcomes in FSO complaints.

“Bogus” contracts for service – new law proposed to tackle employment status

01/05/2018 - A new private member's bill, the Prohibition of Bogus Self-Employment Bill 2018 (the Bill), put forward by Solidarity – People Before Profit, was published on 12 March 2018.

EU Fintech Update: Virtual Currencies and Blockchain

01/05/2018 - Recently, the Irish Department of Finance published a Discussion Paper on Virtual Currencies and Blockchain Technology.

Trustees, Directors and Officers of Charities Take Note: New Guidance on Promotion of Political Causes

19/04/2018 - The Charities Regulator has recently published guidance which should be considered by the Trustees and Directors of Irish registered charities before engaging in activities to promote a political cause.

Employment Law in 2018

18/04/2018 - Employment law is constantly evolving and changing. Trends appearing are usually in response to important new case law and legislation, the work of politicians with a particular passion, or in response to global movements.

New Guidelines on Binding Corporate Rules Under the GDPR

04/04/2018 - In order to facilitate the use of Binding Corporate Rules (BCRs) for international transfers of personal data to entities outside of the EU, the Article 29 Working Party (WP29) has issued two new sets of Guidelines on BCRs under the GDPR.

Freedom of Expression

05/03/2018 - This week it has been reported that an English stand-up comedian has launched a website to raise money to defend a defamation action being taken against her by her estranged husband

Should Controllers Refresh Existing Consent in light of GDPR?

05/03/2018 - Consent is one of six lawful bases to process personal data. For consent to be valid, it must be:

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