Please click on the link below to read our Legal News for January 2011.

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The European Court of Justice (ECJ) has found that a law prohibiting the sale of contact lenses over the internet was in violation of European Union law.

On 17 December, the Irish Stock Exchange (“ISE”) published new listing rules which require Irish listed companies to comply or explain against additional corporate governance provisions.  These new rules, which are contained in a new Irish Corporate Governance Annex, supplement the existing provisions which require Irish listed companies to comply or explain against the requirements of the UK Corporate Governance Code.  The new rules are effective immediately and therefore Irish listed companies with accounting periods commencing on or after 17 December 2010 will be required to comply or explain against the Irish specific Corporate Governance provisions.  As previously advised, the requirement to comply with the UK Corporate Governance Code (the “UK Code”) is already in place having applied to Irish listed companies with accounting periods beginning on or after 30 September 2010.

On 1 December 2010, new rules governing the application of the Irish competition rules to vertical agreements came into effect. The new rules consist of a revised Competition Authority Declaration (the “Declaration”) and Notice (the “Notice”) in respect of vertical agreements and concerted practices. The revised rules replace a December 2003 Declaration and Notice.

Please click on the title to access further information on UCITS IV - Implementation in Ireland.