IFSC.ie Legal Features

Remote working from abroad

29/07/2021 - Such was the nature of the rapid escalation of the Covid-19 pandemic and the implementation of the Government’s restrictions in March 2020, many employers implemented temporary remote working arrangements in an unplanned and urgent manner.

SCARP Bill passes through Oireachtas

29/07/2021 - The Companies (Rescue Process for Small and Micro Companies) Bill 2021 (Bill) detailing the government's proposed rescue process for small and micro companies (SCARP) has successfully passed through the Oireachtas and is expected to be signed into law shortly by the President. The legislation will be commenced at a future date by the Minister.

The Lugano clock has stalled: What now for dispute resolution clauses?

29/07/2021 - Since 1 January 2021, Regulation (EU) 1215/2012 on jurisdiction and the recognition and enforcement of judgments in civil and commercial matters (Brussels Recast) and the 2007 Convention on jurisdiction and the recognition and enforcement of judgments in civil and commercial matters (Lugano Convention) no longer apply to the UK.

New stamp duty rate for bulk -purchases of residential properties

27/07/2021 - On 19 May 2021, the Irish legislature passed a financial resolution introducing a new stamp duty rate of 10% targeted at the “bulk buying” of certain residential units.

Update: Introduction of Statutory Sick Pay - What Employers Need to Know

27/07/2021 - The Irish government's Summer Legislative Programme 2021 prioritised the introduction of a statutory sick pay scheme for Ireland and on 9 June 2021, the government announced its approval for the drafting of the General Scheme of the Sick Leave Bill 2021 (the Bill).

Bringing Crypto-Assets into its Regulatory Web: Draft EU Markets in Crypto-Assets Regulation

07/07/2021 - After months of parabolic gains, recent turbulent events have shook the cryptocurrency market.

Regulatory Focus on Property Funds

07/07/2021 - In the first quarter of 2021 and of relevance to Irish regulated property funds, the following were published by the Central Bank:

COVID-19 related extensions to planning permissions

29/06/2021 - The Planning and Development (Amendment) (No. 3) Bill 2021 is being expedited through the legislative process. It will provide for extensions to a number of time limits, including for the passing of development plans. Importantly however it will also allow for extensions, or additional extensions, to existing planning permissions to allow projects be completed.

White Collar Crime: Proposed modernisation of the Irish criminal justice system

29/06/2021 - Reform of the Irish criminal justice system, through the actions outlined in the Government's Action Plan to tackle White Collar Crime and the Justice Plan 2021, has gathered pace in recent weeks with the announcement two significant changes to the investigation and prosecution of criminal offences.

Gender Pay Gap Reporting : Spring 2021 Update

27/05/2021 - The introduction of gender pay gap legislation in Ireland was well underway up until the COVID-19 pandemic struck in 2020. The Gender Pay Gap Information Bill (the Bill) is now back on the agenda. Cabinet approval has been given to amend the Bill and to introduce a strengthened bill.

Cross-Border Fund Marketing : Six Key Impacts of New EU Fund Distribution Rules

26/05/2021 - On 2 August 2021, most of the provisions of the EU Cross-Border Distribution of Funds (CBDF) legislation come into effect.

New EU Disclosure Rules Mandate Environmental Performance Reporting for Insurers, Banks and Listed Corporates from 1 Jan 2022

26/05/2021 - On 7 May 2021, new disclosure rules for reporting the environmental performance of activities and investments were published for consultation by the EU Commission.

An Insurer's Perspective on the Sustainable Finance Disclosure Regulation

28/04/2021 - The Sustainable Finance Disclosure Regulation (SFDR), a key facet of the European Commission's Action Plan on Sustainable Finance, first came into effect on 10 March 2021.

Cryptocurrency Moves Out of the Shade – New AML Requirements for Virtual Asset Service Providers

28/04/2021 - The European Union’s Fifth Anti-Money Laundering Directive (“5AMLD”) was transposed into Irish law on 23 April 2021 by the Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Act 2021 (the “2021 Act”).

Getting serious about reputational risk is a must for financial services firms

21/04/2021 - Recent events at Davy Stockbrokers have demonstrated just how susceptible a firm’s reputation can be to the damaging consequences of the poor judgement and conduct of individuals.

Code of Practice on the Right to Disconnect

14/04/2021 - The Workplace Relations Commission (“WRC”) has published a new Code of Practice for Employers and Employees on the Right to Disconnect (“Code”).It is effective immediately and applies to all types of employment...

Litigation in Ireland... A whole New World

30/03/2021 - The Covid-19 pandemic has changed, or dramatically accelerated the rate of change, in working practices for people in all sectors of the economy.

Considering the Impact of the High Court Decision on Business Interruption Insurance including the IPID

24/02/2021 - The landmark High Court judgment delivered by Judge McDonald on Friday, 5 February 2021 in Hyper Trust Limited t/a The Leopardstown Inn & Others v. FBD Insurance plc provided some clarity on the interpretation of policy wording of the insurance contract in relation to certain types of policy extensions covering business interruption losses arising from outbreaks of human notifiable diseases

Setting the standard for the sale and supply of digital content, services and goods in the digital health world

24/02/2021 - On 26 March 2019, the European Parliament adopted two key directives as part of the EU’s Digital Single Market Strategy, namely, Directive (EU) 2019/770 on certain aspects concerning contracts for the supply of digital content and digital services (the “Digital Content Directive”) and Directive (EU) 2019/771 on certain aspects concerning contracts for the sale of goods (the “Sale of Goods Directive”).

Judgment in FBD Business Interruption Insurance Cases Delayed to Consider UK Supreme Court Judgment

25/01/2021 - The Irish Commercial Court has deferred judgment in a number of test business interruption insurance cases taken against FBD Insurance plc (FBD) by a number of well-known pubs (Proceedings).

Special Offers

Riedel Glassware Offers from Mitchell and Sons

Producing glassware in the heart of Europe for over 250 years, Riedel designs and produces the highest quality glasses and decanters for enjoying and serving wine. Choose from our beautifully crafted range of Riedel Glassware.

Park Rite IFSC Car Park - Flexible and convenient parking products

Park Rite IFSC Car Park - Flexible and convenient parking products