IFSC.ie Legal Features

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).

Hamilton Review Group Make Recommendations to Combat Economic Crime

21/01/2021 - In announcing a new cross-government plan to tackle economic crime and corruption, the Minister for Justice, Helen McEntee TD

Ireland seems perfectly positioned to cultivate a thriving FinTech sector

21/01/2021 - One of the lasting impacts of the pandemic has been the accelerated acceptance of the role of technology in more and more areas of our lives.

Re-Engineered ILP Ready for Launch - A new structuring option for private funds in 2021

21/01/2021 - Ireland's Investment Limited Partnership (ILP) has undergone a significant overhaul to enhance its features in line with limited partnership fund regimes internationally. The Investment Limited Partnership (Amendment) Bill (Bill), a reform bill to the Investment Limited Partnerships Act 1994, passed through the Dáil this week and can be expected to be enacted in early January 2021.

Road Ahead for Financial Services Post-Brexit is Still Unclear

11/01/2021 - While we were assured for months that it was oven-ready, the UK-EU trade deal was finally agreed on Christmas eve.

Central Bank of Ireland's 2020 Dear CEO Letter on the Fitness and Probity Regime

26/11/2020 - On 17 November 2020, the Central Bank of Ireland (“CBI”) published on its website and sent to the management of regulated financial services providers (“firms”) a Dear CEO letter (the “2020 Dear CEO Letter”) highlighting its key findings from a thematic inspection in relation to firms' compliance with requirements of the Fitness and Probity Regime ("F&P Regime").

Competition law, merger control and State aid in Ireland in the time of Brexit

26/11/2020 - While Brexit makes the UK a third country for the purposes of EU law, Ireland's proximity (geographically and economically) to the UK makes the application of competition law to cross-border trade that more relevant and complex.

Petition to Appoint an Examiner to New Look Dismissed by the High Court

12/11/2020 - In a judgment delivered on 14 October 2020, the High Court, in refusing to appoint an examiner to New Look Retailers Ireland Limited (New Look Ireland) ruled that it was "entirely premature to consider the appointment of an examiner". New Look Ireland trades under the brand name "New Look" and operates across 27 stores in Ireland.

Cash, card or competition? - The European Payments Initiative for retail payments

29/10/2020 - * A group of 16 major European banks has announced the implementation phase of a new unified payment scheme and solution called the European Payments Initiative (EPI).

Co-operation and Early Engagement with the Central Bank are Key in Enforcement Actions

21/09/2020 - On 28 July 2020, the Central Bank of Ireland (Central Bank) published details of a settlement agreement reached between it and Bank of Ireland (BOI) for admitted breaches of five provisions of the European Communities (Markets in Financial Instruments) Regulations 2007 (MiFID).

Special Offers

Childcare Places. Limited availability.

Looking for Childcare? Giraffe Childcare are now taking bookings for 2022.

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.