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Please click on the above title to read our Legal News for March 2011.

The Central Bank’s Code of Conduct on Mortgage Arrears sets out the framework to be followed for dealing with borrowers in mortgage arrears or in pre-arrears. Delia McMahon of our Debt Recovery Group outlines what is required of lenders to comply with the Code.

A recent High Court case has again illustrated the importance of ensuring that a termination of employment is dealt with in accordance with the employee’s contract of employment.

It has recently been announced that the UK Bribery Act 2010, which will apply to Irish companies that carry on business in the UK, will not come into force in April 2010 as planned.

The Advocate General of the European Court of Justice recently found that public houses should not, under EU law, be prevented from showing live Premier Leagues matches using foreign decoder cards.

In a recent English High Court case, the Court held that two businesses and a partnership had, by offering extended warranties covering satellite television equipment, been selling insurance products without authorisation from the UK’s Financial Services Authority. Grant Murtagh of our Insurance & Reinsurance Department analyses the Court’s decision.

Companies listed on the Main Securities Market of the Irish Stock Exchange should remember that they are required to comply with the continuing obligation provisions of the UK Corporate Governance Code in accounting periods beginning on or after 30 September 2010.  Therefore, companies with a 31 December financial year end are required to comply with the provisions of the 2010 Code with effect from 1 January 2011. 

The European Commission has recently launched a Green Paper aimed at modernising the rules, tools and methods for public procurement in the EU.