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Article and Insights
Video: What Is an Employment Contract Under Irish Law? (Part 1)
This video explains what an employment contract is and the statements of terms the Terms of Employment (Information) Act 1994 requires employers to...
Associate
Clíodhna McHugh
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Article and Insights
Video: Further Commercial and Best Practice Terms (Part 2)
This video sets out the further terms employers may include beyond the statutory minimum, from exclusive service and confidentiality to post-termin...
Associate
Clíodhna McHugh
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Article and Insights
Video: Key Workplace Policies and Procedures in Ireland – Episode 2
This video covers key workplace policies, their interaction with employment contracts, and best practice for implementation and communication.
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Article and Insights
Video: A Guide to Protected Leave in Ireland – Episode 3
This video covers maternity, paternity, parent's, parental, adoptive, force majeure and carer's leave — eligibility, duration, entitlements and obl...
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Article and Insights
Video: Understanding the WRC Adjudication Process – Episode 4
This video is a practical guide to how complaints are made to the WRC, what happens at adjudication, and what can be expected at each stage.
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Article and Insights
Video: Work & Residence Permissions in Ireland – Episode 6
This video explains the main employment permit types available in Ireland, the distinction between employment permits and residence permissions, an...
Senior Associate
Richard Smith
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Article and Insights
Video: Protected Disclosures in Ireland – Episode 5
This video gives a brief overview of protected disclosures under Irish employment law.
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Article and Insights
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Article and Insights
Ireland’s Renewable Heat Obligation
Ireland's RHO Bill: what the EU Commission's objection to the biomethane multiplier means in practice.
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Article and Insights
Data Centres, Climate Obligations, and Mathematical Argument Limitations
William Fry was delighted to represent Art Data Centres in the successful defence of a planning Judicial Review challenge to its proposed hyperscal...
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Article and Insights
Ireland approves opt in to technical amendments to the European Insolvency Regulation Annexes
The Houses of the Oireachtas have approved Ireland's opt-in to a regulation amending the Annexes to the European Insolvency Regulation. The amendi...
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ESG Risks and Opportunities: The Focus at William Fry CounselConnect Event
William Fry's mid-year CounselConnect event focused on the Environmental, Social and Governance agenda
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Article and Insights
Legal News – January 2022
Here is a selection of our recent publications on subjects that may affect you or your business.
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Laws for a Digital Future
What is this and where is it?
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Article and Insights
Prolonging the Farewell – Extended Notice Periods for Residential Tenancies
Amendments to residential tenancies legislation extend termination notice periods for landlords and increase formalities.
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Article and Insights
IOSCO reaffirms its 2013 ETF Principles and consults on good practices
IOSCO has published the much-anticipated follow up to its 2013 ETF Principles in the form of a consultation on supplementary good practices.
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Article and Insights
Fitness and Probity Regime – Changes to PCF Roles
On 5 April 2022, the Central Bank of Ireland made further changes to its list of Pre-Approval Controlled Functions (PCFs) under its Fitness and Pro...
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Article and Insights
New Whistleblowing Legislation set to Significantly Enhance the Protection Afforded to Whistle-blowers
The Protected Disclosures (Amendment) Bill 2022 has now been published. We discuss some of the key features of the proposed legislation designed to...
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Article and Insights
A Fund Manager’s Guide to 2022
In our first Asset Management & Investment Funds Update of the year, we analyse the key dates and deadlines in 2022 to assist funds' and fund manag...
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Article and Insights
Withdrawal of the UK from the European Union (Consequential Provisions) Bill 2020 – Insurance Related Update
The Withdrawal of the United Kingdom from the European Union (Consequential Provisions) Bill 2020 is progressing through the legislative process an...
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Consultant
Owen O’Sullivan
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William Fry Data Protection Day Update 2021
Ahead of the Council of Europe's annual Data Protection Day on 28 January 2021, we unpack the key data protection stories of 2020 and look ahead to...
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Article and Insights
William Fry Data Protection Day Update 2022
Council of Europe's annual Data Protection Day 2022: we unpack the key data protection stories of 2021 and look ahead to what to expect in 2022.
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Consultant
Owen O’Sullivan
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White Collar Crime & Investigations Spring 2021 Briefing
In our Spring 2021 briefing, our White Collar Crime & Investigations team have collated recent domestic and international developments in the area ...
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What Does SCARP Mean For Landlords?
We consider the provision for terminating leases in the government's proposed summary rescue process for small companies (or SCARP) and what it mea...
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Article and Insights
Video: Employment Law Roundup Part 2 – Important cases from 2020
The William Fry Employment & Benefits team is releasing a 3 part series of short videos in December 2020 and January 2021. In part 2, Jeff Greene,...
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Article and Insights
Video: Ireland’s Gender Pay Gap (and Reporting) – Top 10 Questions and Answers
Video: What is the Gender Pay Gap (GPG), why does it exist, when will mandatory GPG reporting come into law in Ireland, who will be affected and wh...
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Article and Insights
Video: Recent Trends in Data Protection Litigation
Video: Adele Hall & Michelle Martin of our litigation team examine some recent trends in data protection litigation including the increased use of ...
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Article and Insights
Video: When Spectators take the Hit – Spectator Litigation in Ireland
Video: Patrick Murphy and Laura Flanagan talk about spectator litigation in sport where spectators are struck by golf balls, rugby balls or ice hoc...
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Article and Insights
Warmer Now? EU Roadmap for Revision of the Energy Performance of Buildings Directive
The European Commission has published a consultation roadmap for revision of the Energy Performance of Buildings Directive. What are the key featu...
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Article and Insights
VAT Treatment of Depository Services and Global Custody Services
On 23 May 2022, the Revenue Commissioners (Revenue) published a new Tax and Duty Manual, VAT treatment of depository services and global custody se...
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Venture Capital Funding Increases by almost 20% in Third Quarter to €231m
IVCA data highlights positive outlook for start-ups and early stage companies.
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Article and Insights
Video: Brexit and Immigration Series – EEA and Non-EEA Nationals
Video: Karen Hennessy and Richard Smith from William Fry and Vincent Chung from Dixcart Legal discuss how nationals from the European Economic Area...
Senior Associate
Richard Smith
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Article and Insights
Video: Brexit and Immigration Series – UK and Irish Nationals and the Common Travel Area
Karen Hennessy and Richard Smith from our Employments & Benefits team and Vincent Chung from Dixcart Legal discuss how UK and Irish nationals will ...
Senior Associate
Richard Smith
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Article and Insights
Update: Introduction of Statutory Sick Pay – What Employers Need to Know
The Irish Government has approved the drafting of the General Scheme of the Sick Leave Bill 2021 which will introduce a statutory sick pay scheme w...
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Article and Insights
Update: New Construction Industry Sectoral Employment Order made by Minister
A new Construction Industry Sectoral Employment Order was made by the Minister on 17 November 2021. What does it mean for the projects and construc...
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Article and Insights
Travelling to Ireland? Here’s What You Need to Know
Our Corporate Immigration team take a look into new travel restrictions and what employers need to consider if they require people to travel to Ire...
Consultant
Alicia Compton
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Time to Abolish the Close Company Surcharge for Professional Service Companies
Is it time, from a policy perspective, to abolish the close company surcharge for professional service companies?
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Article and Insights
The Road Ahead: Challenges in Transposing the Representative Action Directive
Collective redress actions will soon be available to Irish consumers under the Representative Actions Directive. Earlier this year, the Department ...
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Article and Insights
The Pensions Authority publishes form of 2021 Annual Compliance Statement
On 11 November 2021, the Pensions Authority published the form of annual compliance statement (ACS) that trustees of pension schemes will be expect...
Consultant
Ciara McLoughlin
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The Lugano Clock Has Stalled: What Now For Dispute Resolution Clauses?
In June 2021 the European Commission notified the Swiss Federal Council, that representing the EU, it is not in a position to give its consent to i...
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Article and Insights
The impact of Brexit on State Aid, Public Procurement, Merger Control and Competition Rules
Irish and other EU businesses continue to grapple with the many challenges resulting from Brexit.
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Article and Insights
The Fine Line in GDPR and its Impact on Businesses’ Risk Analyses
Reported data breaches in Europe rose by almost 20% in 2020. Ireland, as host to many large technology and social media companies, ranked as the t...
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The European Commission Proposes a Digital Operational Resilience Act for the Financial Services Sector
The European Commission has recently published proposals for a new EU regulation for digital operational resilience for the financial services sect...
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Article and Insights
The Central Bank of Ireland adds to the List of Pre-Approval Controlled Functions
The Central Bank of Ireland published new additions to the list of Pre-Approval Controlled Functions further to its Notice of Intention issued in F...
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Article and Insights
The Companies (Corporate Enforcement Authority) Act 2021: Insolvency-Related Amendments
In this note, we review the insolvency-related amendments to the Companies Act 2014, introduced under the Companies (Corporate Enforcement Authorit...
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Taxand: Strong M&A activity forecast for H2 after fast start to 2021
Taxand’s 2021 Guide provides commentary and insights into the tax treatment of global M&A deals.
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Article and Insights
Sustainable Finance Update: An Overview of the Latest Legal Developments in Sustainable Finance
Sustainable finance is continuing to dominate agendas in the financial services industry with an increasing focus on environmental, social and gove...
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Article and Insights
Supreme Court Makes Preliminary Reference to the CJEU on the Validity of a Combination Product SPC
The Supreme Court has referred a number of questions to the CJEU in Merck Sharp & Dohme's appeal regarding the validity of the SPC for its combinat...
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Article and Insights
Summary Judgment – What is it and When is it Available?
Summary judgment can be a useful strategic measure for plaintiffs to consider using where applicable in plenary proceedings. A recent Court of Appe...
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Article and Insights
Stamp Duty Battle: Abbvie Wins Appeal Against €587m Irish Stamp Duty
A recent decision of the Tax Appeals Commission will peak the interests of Pharma, Healthcare and MedTech companies considering M&A transactions in...
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Article and Insights
Sports Bulletin – A Year in Review in Sport
The William Fry Sports Group look back at the sports sector in 2020
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Article and Insights
Setting the Bar – FBD Business Interruption Case Demonstrates the Importance of Policy Wordings
The Commercial Court recently found in favour of a number of publicans in a business interruption test case surrounding losses caused by the COVID-...
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Article and Insights
Russia Issues Decree Providing For 0% Compensation for the Unauthorised Use of Certain IP Rights Emanating From “Unfriendly Countries”
Russia has issued a decree providing for 0% compensation for the unauthorised use by way of compulsory licence of certain IP rights owned by citize...
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Article and Insights
Revenue’s Annual Report 2021
In May 2022, Revenue published its annual report for 2021. The Report reviews how Revenue is performing against the backdrop of a changing trading ...
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Article and Insights
Re-Engineered ILP Ready for Launch
Significant enhancements to the Irish Investment Limited Partnership will be introduced at the beginning of January 2021
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Article and Insights
Recent Developments in Irish Merger Control
Busy times for the Competition and Consumer Protection Commission
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Article and Insights
Real Concern that Companies may face Financial Difficulties when State Pandemic Supports are Withdrawn
At our CounselConnect virtual conference over 100 in-house counsel were asked to reflect on how COVID-19 has affected their business and altered th...
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Article and Insights
Publication of the Sick Leave Bill 2021
This article discusses the recent publication of the Sick Leave Bill 2021 and its implications for employers and employees.
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Article and Insights
Public Consultation on the Development of a National Resolution Framework for (re)Insurers
The Department of Finance, in collaboration with the Central Bank of Ireland, has invited submissions (by 30 November 2021) on the possible develop...
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Article and Insights
Public Private Partnership Contracts – Tax Appeals Commissioner’s Recent Determination Provides Clarity for Foreign Shareholders
The Tax Appeals Commission recently determined that the public private partnership contract between a certain Irish company and the National Road A...
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Article and Insights
Proposed Major Reform of Digital Services in the EU
Late last year, the European Commission launched its long-awaited set of new rules concerning the digital space.
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Article and Insights
Private Sector’s Role in Financing the EU Green Deal
The EU has launched a wide-ranging and highly impactful programme to re-orient private investment in support of its Green Deal with a target invest...
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Article and Insights
Pensions Winter Briefing
In their Winter Briefing, our Pensions team provides an insight into some of the key legal developments we expect to see in the Irish pensions sect...
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Article and Insights
New Guidelines Adopted by the Judicial Council in Respect of Personal Injury Awards
New Personal Injury Guidelines which will replace the Book of Quantum have been adopted by the Judicial Council under the Judicial Council Act 2019.
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Article and Insights
New EU Disclosure Rules Mandate Environmental Performance Reporting for Insurers, Banks and Listed Corporates from 1 Jan 2022
Read our FAQ on the new disclosure rules for reporting the environmental performance of activities and investments, as published for consultation b...
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Article and Insights
New EU Food Chain Transparency Regulation Comes Into Operation
A new EU regulation on food chain transparency came into operation on 27 March 2021. The new regulation aims to increase the transparency of the E...
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Article and Insights
New Court Rules to Facilitate Operation of SCARP
New rules of court to facilitate the operation of the rescue process for small and micro companies (SCARP) came into operation on 9 May 2022. The ...
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Article and Insights
New Code of Practice on Bullying at Work
A new Code of Practice for Employers and Employees on the Prevention and Resolution of Bullying at Work came into effect by way of Statutory Instru...
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Article and Insights
Narrowing the Gap – Gender Pay Gap Reporting set to Become Law
The Gender Pay Gap Information Bill 2019 is shortly due to be signed into law. This Bill will require employers to publicly report on the differenc...
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Article and Insights
Medical Devices Regulation – Applicable from Today
Amidst much anticipation, the Medical Devices Regulation becomes fully applicable across the EU from today, 26 May 2021. These Regulations represen...
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Article and Insights
MDR Countdown – 1 Month. European Commission Updates its Rolling Plan
With the Medical Devices Regulation (MDR) set to become fully applicable next month the European Commission has published an update to its Implemen...
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Article and Insights
Managing Greenwashing Risk in the Insurance Industry
A brief overview of how to avoid Greenwashing in the (Re)Insurance Industry.
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Article and Insights
Manchester United Settle Trade Mark Dispute with SEGA
Manchester United Football Club will be renamed in the next edition of 'Football Manager' after it claimed that the game's developer SEGA had infri...
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Article and Insights
Mapping a Move to Master Trusts: Pensions Authority’s new Master Trust Guidance
The Pensions Authority has published new standards for master trusts and a related guide for employers. We consider the key requirements and next s...
Consultant
Ciara McLoughlin
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Article and Insights
Liquidator’s Actions Amounted to Negligence
High Court refuses liquidator's application and holds liquidator personally liable for costs as his actions were negligent and breached the duty of...
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Article and Insights
Latest EU sanctions against Russia and their potential impact on Irish corporates
EU member states have unanimously agreed upon a package of new sanctions against Russia. What do you need to know?
Managing Partner
Stephen Keogh
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Article and Insights
Kerry Group Loses Trade Mark Butter Battle with Rival Kerrygold
The CJEU has ruled against Kerry Group in a long-running legal dispute with Ornua over registering the trademark 'Kerrymaid' for use in mainland Eu...
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Article and Insights
Judgment in FBD Business Interruption Insurance Cases Delayed to Consider UK Supreme Court Judgment
Mr Justice McDonald has deferred judgment in the FBD business interruption insurance test cases to allow the parties to make submissions following ...
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Article and Insights
Jurisdiction and Legal Advice Privilege
Practical advice on common issues relating to Legal Advice Privilege and Jurisdiction.
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Irish Lawyers Urged to Mind Their Mental Health
78% of poll respondents had suffered from exhaustion/energy depletion while 58% had experienced reduced professional efficacy
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Irish M&A Review 2020
M&A Deals increase 14% in 2020 to €9.1bn. Download Ireland's definitive M&A review.
Managing Partner
Stephen Keogh
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Article and Insights
Irish Competition Law Update Spring 2021
Recent developments in Irish competition law include lengthy merger control reviews and increased behavioural enforcement. In addition, the Irish G...
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Article and Insights
Ireland’s Offshore Electricity Grid: DECC Release Policy Statement on the Framework for the Offshore Grid
A key step has been taken towards Ireland's goal of delivering 5GW of offshore wind energy by the end of the decade. The Department of the Environ...
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Article and Insights
Ireland Takes a Step Closer Towards the Protection of the Collective Interests of Consumers
The General Scheme of Representative Actions for the Protection of the Collective Interests of Consumers Bill 2022 has been published and proposes ...
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Ireland is a Leading Location for Data-Related Investment in the EU
A global survey published by William Fry has found that for today's decision makers, the most important driver for international organisations look...
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Article and Insights
Ireland Launches Intellectual Property and Technology Court and Reforms IP Disputes Procedures
Under new Court Rules which come into operation on 22 October 2021, Intellectual Property cases and complex technology disputes can be listed befor...
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Article and Insights
Ireland awaits the new EU Insurance Recovery and Resolution Directive
The proposed EU Insurance Recovery and Resolution Directive, once implemented will introduce, for the first time at a European level, a harmonised ...
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Article and Insights
IPHA’s Revised Self-Care Advertising Code
Effective from 1 March 2021, the revised IPHA Code introduces new rules for advertising non-prescription medicines, traditional herbal medicinal pr...
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Article and Insights
Investment Firms: CBI Consultation on Competent Authority Discretions in the IFD/IFR
The Investment Firms Directive and Investment Firms Regulation (IFD/IFR) will become applicable for MiFID authorised investment firms from 26 June ...
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Article and Insights
Insurance and Pensions Supervision in Europe, Speech by Gabriel Bernardino Chairman of EIOPA
Gabriel Bernardino Chairman of EIOPA reflecting on the past decade of insurance and pensions supervision in Europe.
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Article and Insights
Injecting Some Clarity for Employers into the Vaccine Conversation
It's time for employers to prepare for the widespread availability of the COVID-19 vaccine.
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Article and Insights
IN SHORT: Insurance Distribution Directive – Clarifications on Legal Interpretation published by EIOPA
EIOPA publishes a Q & A series regarding the legal interpretation of certain provisions of the Insurance Distribution Directive and its implementin...
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Article and Insights
Impecunious Plaintiffs and Security for Costs – A New Leg to the Test
The Irish Supreme Court recently refined the legal test to be applied in security for costs applications against corporate plaintiffs, and introduc...
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Article and Insights
ICC Arbitration Rules 2021 Come into Force – What do you Need to Know?
New International Chamber of Commerce (ICC) Rules of Arbitration entered into force on 1 January 2021, replacing the current ICC Rules of Arbitrati...
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Article and Insights
Hungarian Data Protection Authority issues Largest Fine to date to a Bank for Unlawful Use of AI
The Hungarian Data Protection Authority recently issued its largest fine to date to a bank for unlawful use of AI voice recording technology.
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Article and Insights
High Court Rejects Appeal that FSPO Exceeded its Jurisdiction
The High Court recently found that the FSPO acted within its jurisdiction in treating an insurer's refusal to provide cover under a structural insu...
Senior Associate
Joanne Ryan
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Article and Insights
High Court Delivers Ruling in Facebook Data Transfer Case
The Irish High Court has delivered a ruling that the DPC can resume an investigation that may result in a prohibition on Facebook's EU-US data tran...
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Article and Insights
High Court Holds Provisional Liquidator Personally Liable for the Costs of the Official Liquidator and Revenue
High Court orders provisional liquidator to pay the costs of the official liquidator and Revenue, without having recourse to the assets of the comp...
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Article and Insights
Guidelines for Exchange of Information between ODCE and the Revenue Commissioners in accordance with the Companies Act 2014
The Revenue Commissioners have updated updated the Collection Manual Guidelines for Exchange of Information between ODCE and the Revenue Commission...
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Article and Insights
Health Data & Subject Access Requests: Important Changes under the Data Protection Act 2018
The newly introduced Data Protection Act 2018 (Access Modification) (Health) Regulations 2022 bring about changes for businesses in receipt of data...
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Article and Insights
Guidance Published on Appropriate Surveillance under Article 120 of the MDR
The Medical Device Coordination Group has published guidance on the activities to be performed by notified bodies as part of their ongoing surveill...
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Article and Insights
Guide to the Investment Limited Partnership: Ireland’s new and Improved Option for Private Fund Sponsors
Ireland has recently modernised its Investment Limited Partnership fund structure with the aim of providing a flexible and tailored regime able to...
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Article and Insights
Government Publishes Legislation Programme for Summer 2021
The legislation programme for the forthcoming Summer Oireachtas session has been published by the government.
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Article and Insights
Government Publishes Spring Legislation Programme for Spring 2021
The legislative programme for the forthcoming spring Oireachtas session has been published by the Government Chief Whip, Jack Chambers TD.
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Article and Insights
Gender Pay Gap – Government publishes Guidance Note on Calculating Pay Gap Metrics
The Government has published guidance for those employers due to begin reporting their gender pay gap metrics in December 2022.
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Article and Insights
Fixed Term Work Update
The Supreme Court has upheld a High Court ruling that fixed-term working legislation can apply to a permanent employee involved in an interim “acti...
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Article and Insights
Food Labelling and Calorie Posting. Where Are We Now?
The Food Safety Authority of Ireland recently announced a consultation on food labelling which invites submissions on revisions around certain food...
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Article and Insights
FAQ: New EU Sustainability Reporting Regime
New sustainability reporting rules for all large EU companies and all EU-listed companies applicable from next January.
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Article and Insights
FDI Screening – a New Regulatory Regime for Foreign Investors into Ireland?
The government may introduce a screening mechanism for foreign direct investment into Ireland.
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Article and Insights
Finalised Guidance on the Use of Service Companies for Staffing in the Insurance Sector
Today, the Central Bank of Ireland published its final Guidance on the Use of Service Companies for Staffing in the Insurance Sector
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Explained: What Employers Need to Know about the Return to Offices
We unpack some of the main concerns employers might have about bringing staff back to workplaces.
Senior Associate
Richard Smith
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Article and Insights
European Commission SFDR Q&A Published
An analysis of the key takeaways from the European Commission SFDR Q&A
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Article and Insights
European Court Confirms that Electronically Supplied Software Constitutes ‘Goods’ under the Commercial Agents Directive
Following a recent decision from the CJEU, commercial agents that negotiate the sale of software on a perpetual licence may be entitled to protecti...
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Article and Insights
European Commission Proposes a Unitary SPC and/or a Unified Procedure for Granting National SPCs
The European Commission has proposed a unified procedure for granting Supplementary Protection Certificates in the EU. It seeks to address ineffici...
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Article and Insights
European Commission Proposes New Rules Curbing the Power of Digital Companies
In December 2020, the European Commission launched a much-heralded and far-reaching reform of the rules governing online commerce and activity.
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Article and Insights
EU Issues ‘Gold Standard’ for Environmentally Sustainable Activities
On 21 April 2021, the EU published the first of two planned sets of performance criteria for environmentally sustainable activities under the Taxon...
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Article and Insights
ESMA Beefs Up Liquidity Risk Management Rules for Funds & Other Briefings
Each month our Asset Management & Investment Funds team write a 'Legal & Regulatory Update'. Welcome to the our September edition.
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Article and Insights
EIOPA’s Single Programming Document 2021-2023
In this article we consider EIOPA's Single Programming Document 2021-2023 which includes EIOPA's Annual Work Programme 2021.
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Article and Insights
EIOPA defines its Supervisory Convergence Priorities for 2021
EIOPA published its Supervisory Convergence Priorities Plan for 2021. EIOPA identifies three new priorities for 2021 and plans to continue working ...
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Article and Insights
EIOPA Launches IDD Single Rulebook
EIOPA launches a new online tool, the IDD Single Rulebook.
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Article and Insights
Drug-Device Combination Products: Where do they fall within the new MDR Regime?
Continuing our series of publications, in this briefing we examine the key changes to the regulatory pathway for drug-device combination products (...
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Article and Insights
Deal or No Deal – Brexit Considerations for Irish Companies
As the Brexit transition period draws to a close, we look at some of the key considerations for Irish companies.
Senior Associate
Deirdre Mooney
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Article and Insights
Death, Time Barred Claims and the Equitable Doctrine of Unconscionability
High Court dismisses claim against deceased doctor's estate as statute barred pursuant to s. 9(2)(b) of the Civil Liability Act, 1961.
Consultant
Margaret Muldowney
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Article and Insights
Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Act 2021 Signed into Law
On 18 March 2021, the Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Act 2021 was signed into law by the President.
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Article and Insights
COVID-19 Emergency Measure Redundant as Suspended Redundancy Entitlement for Employees Returns
Companies may face increased redundancy claims following the re-instatement of entitlements for employees on lay-off/short time
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Article and Insights
Court of Appeal Upholds Invalidity of a Combination Product SPC Applying the CJEU Test
The Court of Appeal has upheld a finding by the High Court that Merck Sharp & Dohme's Inegy SPC was invalid on the grounds that it breached Regulat...
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Article and Insights
Continued rise of Energy Performance of Buildings Requirements
The Energy Performance of Buildings Regulations 2021 and accompanying technical guidance evidence a continued rise in obligations relating to the e...
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Article and Insights
Consultation Paper 140: Cross Industry Guidance on Operational Resilience
The Central Bank of Ireland seeks stakeholders' views on the proposed Cross Industry Guidance on Operational Resilience.
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Article and Insights
Competition (Amendment) Bill 2022 published
Long-awaited legislation to give effect to the implementation of EU Directive 2019/1 empowers the Competition and Consumer Protection Commission an...
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Article and Insights
Commercial Court Rules in Favour of Plaintiffs in Cases Against FBD
The recent judgment of the Commercial Court in a number of business interruption insurance test cases has received widespread publicity. In this b...
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Article and Insights
Commission Issues New SFDR Q&A
On 25 May 2022, a second SFDR Q&A from the Commission was published which is highly likely to impact both fund management companies' approach to co...
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Article and Insights
Commission on Pensions Publishes Report and Recommendations
Earlier this month, the Commission on Pensions issued its report on recommended reforms relating to the use of mandatory retirement ages in employm...
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Article and Insights
Cheating in Esports: The “Coach Spectator Bug” Decision
Esports Integrity Commission announced that a total of 37 individual coaches have been handed bans for cheating in esports competitions
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Article and Insights
CJEU to Consider Whether UEFA Can Control Authorisation for the Proposed European Super League under European Competition Law
The Madrid Commercial Court has made a preliminary reference to the CJEU to consider whether competition law permits UEFA to control authorization ...
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Article and Insights
Central Bank Outsourcing Guidance for all Regulated Firms_
On 17 December 2021, the Central Bank published, with immediate effect, cross-industry guidance for the management of outsourcing activities.
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Article and Insights
Central Bank Publishes Consultation Paper on Enhancement of Engagement with Stakeholders
Central Bank Publishes Consultation Paper on Enhancement of Engagement with Stakeholders
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Article and Insights
Central Bank Publishes Insurance Newsletter – March 2021
The Central Bank recently published its first Insurance Newsletter of 2021
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Article and Insights
Central Bank Publishes Intermediary Times
The Central Bank of Ireland's 2020 bumper edition of the Intermediary Times addresses recent updates for the intermediary sector including new PCFs...
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Article and Insights
Central Bank Publishes Outcome of CP86 Compliance Review
On 20 October 2020, the Central Bank published findings from its review of fund management companies' implementation of the rules and guidelines un...
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Article and Insights
Central Bank of Ireland publishes Consumer Protection Outlook Report 2022
We analyse and set out the key developments and points of relevance from the Consumer Protection Outlook Report 2022.
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Article and Insights
Central Bank of Ireland publishes Draft Cross-Industry Guidance on Outsourcing
The Central Bank of Ireland has recently issued a consultation paper and draft cross-industry guidance on outsourcing, including cloud services. I...
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Article and Insights
Central Bank of Ireland’s 2020 “Dear CEO Letter” on Fitness and Probity
The Central Bank of Ireland has published a "2020 Dear CEO Letter" addressing key shortcomings identified from a thematic inspection in relation to...
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Article and Insights
Central Bank Outsourcing Guidance for all Regulated Firms
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Article and Insights
CCPC Closes Ticketing Investigation on the Basis of Section 14B Commitments
The Competition and Consumer Protection Commission has closed its ticketing investigation on the basis of Section 14B commitments.
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Article and Insights
Brexit: The Withdrawal Agreement and the Trade and Cooperation Agreement
The Withdrawal Agreement and the Trade and Cooperation Agreement both govern the ‘divorce settlement’ between the EU and the UK. Cormac Little SC a...
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Article and Insights
Brexit Continued – UK & EU Agree Memorandum of Understanding on Financial Services
The UK and EU have agreed a Memorandum of Understanding in relation to future cooperation on financial services following three months of talks sin...
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Article and Insights
Brand Protection in the Metaverse: EUIPO Updates Guidance on Trade Mark Applications for NFTs and Virtual Goods
With the exponential rise of the Metaverse, brands are racing to protect their intellectual property in this new virtual reality through trade mark...
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Article and Insights
Asset Management & Investment Funds Update – Sep 21
Welcome to the September edition of our Asset Management & Investment Funds Update.
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Article and Insights
An Insurer’s Perspective on the Sustainable Finance Disclosure Regulation
The Sustainable Finance Disclosure Regulation is now in effect. In this briefing, we examine its impact on the insurance industry.
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Article and Insights
A New Look at the Landlord and Tenant Relationship
Video: New Look Retailers (Ireland) Limited's application to appoint an Examiner is refused due to lack of negotiation with the Landlords.
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Article and Insights
A Path Forward – Draft Guidance Published For Dealing With International Data Transfers Post-Schrems II
This week saw the publication of draft guidance by the European Data Protection Board and draft standard contractual clauses by the European Commis...
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Article and Insights
A Progressive Roll Out of the IVDR
The European Commission proposes a progressive roll-out of the In Vitro Medical Devices Regulation (IVDR).
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Consultant
Owen O’Sullivan
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Article and Insights
European Commissioner Provides Strong Support for the Data Protection Commission
EU Commissioner for Justice, Didier Reynders, has defended the Data Protection Commission in a letter to Dutch and German MEPs.
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Article and Insights
Putting Justice to Hazard: When Does Delay Justify the Dismissal of Proceedings?
There has been an increase in applications to dismiss legal proceedings for want of prosecution on the grounds of delay before the Irish courts in ...
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Article and Insights
The taxation of non-Irish resident landlords – Revenue manual published
The Revenue Commissioners (Revenue) have published their Tax and Duty Manual on Taxation of Non-Irish Resident Landlords to take account of Finance...
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Article and Insights
EU Sanctions: Asset Freezes and Capital Markets Access Restrictions
To date in 2022, the EU has adopted four sanctions packages in response to the developing situation in Ukraine. Each package includes one or more ...
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Article and Insights
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Article and Insights
Legal News – July 2022
Welcome to the July 2022 edition of Legal News. Here is a selection of our recent publications on subjects that may affect you or your business.
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Article and Insights
Right to Request Remote Working Bill 2022: What does it mean for Employers?
On 25 January 2022, the Government published the Draft Scheme of the Right to Request Remote Work Bill 2022. We have prepared a table detailing the...
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Managing Partner
Stephen Keogh
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Article and Insights
Progressive Roll Out of the IVDR Confirmed by EU Parliament and Council
The European Parliament and European Council recently approved the progressive roll-out of the In Vitro Medical Devices Regulation. In this update...
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Article and Insights
Going Green? New FIDIC Short Form Contract added to FIDIC Rainbow Suite of Contracts
A new FIDIC short form contract (Green Book) has been added to the FIDIC rainbow suite of contracts. What do you need to know?
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Article and Insights
Central Bank Consumer Protection Code Review
The Central Bank has commenced the first phase of a three-stage review of the Consumer Protection Code 2012 (as amended). As part of this first pha...
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Article and Insights
Preparing for Individual Accountability Series – Part 4 -Enforcement Reforms
In this briefing, we examine proposed enforcement reforms - the fourth of four pillars of the individual accountability framework - and we outline ...
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Article and Insights
Legal News – April 2022
Here is a selection of our recent publications on subjects that may affect you or your business. We regularly publish briefings and insights on leg...
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Article and Insights
Preparing for Individual Accountability Series – Part 3 – Senior Executive Accountability Regime
In this briefing, we examine the senior executive accountability regime (SEAR) – the third of four pillars of the individual accountability framewo...
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Article and Insights
Is Change on the Horizon for the Disclosure Regime Under Order 39, Rule 46 RSC?
In a recent decision, the Court of Appeal (CoA) considered the interpretation and application of Order 39, Rule 46 of the Rules of the Superior Cou...
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Article and Insights
Ireland to Hold Referendum to Participate in the Single Unitary Patent and Unified Patent Court
On 28 June 2022, the Government issued a press release reaffirming its commitment to hold a referendum to enable Ireland to participate in the Unit...
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Article and Insights
Preparing for Individual Accountability Series – Part 2 – Fitness and Probity Reforms
In this briefing, we examine fitness and probity reforms – the second of four pillars of the individual accountability framework - and we outline t...
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Article and Insights
The Tax Appeals Commission Annual Report 2021
On 25 April 2022, the Tax Appeals Commission published its annual report for 2021 (Report); the Report includes a wide range of metrics and indicat...
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Article and Insights
Legal News – May 2022
Here is a selection of our recent publications on subjects that may affect you or your business. We regularly publish briefings and insights on leg...
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Article and Insights
Securing authorisation as a retail credit firm in Ireland
The Consumer Protection Act 2022 (the Act) was signed into law on 11 April 2022. The Act extends the scope of firms which are required to secure au...
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Article and Insights
EIOPA’s Supervisory Statement on the Supervision of Run-Off Undertakings
EIOPA has issued a Supervisory Statement detailing how national supervisors should approach the regulation of run-off undertakings in light of incr...
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Article and Insights
Gender Pay Gap – New Regulations Provide Clarity for Employers on Gender Pay Gap Reporting
New Regulations provide clarity for employers due to begin reporting on their gender pay gap metrics in December 2022.
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Article and Insights
Preparing for Individual Accountability Series – Part 1 – Conduct Standards
In this briefing, we examine conduct standards – the first of four pillars of the individual accountability framework - and we outline the actions ...
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Article and Insights
Russian Sanctions: A (Re)Insurance perspective
Analysis of the Russian Sanctions Regime, with a particular focus on the impact of these measures on the (Re)Insurance industry.
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Article and Insights
Legal News – June 2022
Welcome to the June 2022 edition of Legal News. Here is a selection of our recent publications on subjects that may affect you or your business.
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Article and Insights
Discovery v Public Interest Privilege – Scales of Justice Tipped in Favour of Discovery
The High Court recently ordered inspection of a redacted Garda report, to prevent the identification of Garda informants. Inspection was ordered on...
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Article and Insights
New Challenges on the Horizon for 2022 AGM Season
ISS, a leading global proxy advisor, has proposed changes to its benchmark voting policy, potentially increasing scrutiny of Irish issuers' ESG ef...
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Consultant
Owen O’Sullivan
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Ireland’s M&A activity skyrockets following challenging 2020
Deal value in the first six months of 2021 is more than eight times H1 2020 figure.
Managing Partner
Stephen Keogh
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Article and Insights
Tax Treaty Policy Consultation
The Irish Department of Finance recently launched its Tax Treaty Policy Consultation. The purpose of the consultation is to invite interested parti...
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Article and Insights
Extension of Interim Period under the Companies Act 2014
The interim period introduced by the Companies (Miscellaneous Provisions) (COVID-19) Act 2020 has been extended until 9 June 2021.
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Article and Insights
Health Research Rules Updated via New Regulations
The 2021 Health Research Regulations introduce significant new revisions to the law on processing personal data for health research purposes.
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Article and Insights
The New EU Regulatory Regime on Crowdfunding – Jan 21
Read our briefing on the new European regulatory regime on crowdfunding.
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Article and Insights
The New EU Regulatory Regime on Crowdfunding
Read our briefing on the new European regulatory regime on crowdfunding.
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Article and Insights
Beyond Brexit – EU-UK Agreement and Ireland’s Insurance Temporary Run-off Regime
In tandem with the end of the Brexit transition period at 11.00pm on 31 December 2020, the Irish legislation implementing the temporary run-off reg...
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Article and Insights
Labour Court Confirms that Annual Leave Should be Excluded from the Calculation of ‘Banded Hours’
The Labour Court (LC) has issued a decision on the statutory right to request to be placed on banded hours. The LC has clarified that annual leave ...
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Article and Insights
EU Temporarily Permits Data Transfers to the UK Pending a Decision on Adequacy
As expected, an adequacy decision was not granted by the European Commission as part of the UK-EU Trade and Co-operation Agreement, but a maximum s...
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Article and Insights
Security for Costs: Further Developments
Two recent decisions from the Irish superior courts provide welcome clarification on the scope of certain security for costs provisions. Firstly, t...
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Article and Insights
Asset Management & Investment Funds Update – Dec 21
Welcome to the December 2021 edition of our Asset Management & Investment Funds Update
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Article and Insights
The EU-UK Trade and Cooperation Agreement – Impact on Competition Law
We summarise the top 5 impacts of the EU-UK Trade and Cooperation Agreement on Competition Law.
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Article and Insights
The EU-UK Trade and Cooperation Agreement – Impact on Trade, Imports & Exports
We summarise the main impacts of the EU-UK Trade and Cooperation Agreement on Trade, Imports and Exports.
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Article and Insights
Road Traffic and Roads Bill 2021 Scoots off for Cabinet Approval
The Government's Road Traffic and Roads Bill 2021 sets out, for the first time, regulations on the use of e-scooters and e-bikes on Irish roads and...
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Article and Insights
The European Unified Patent Court – is it Finally within Reach?
The German Federal Constitutional Court has rejected the latest constitutional challenge to the German Parliamentary Bill ratifying the European Un...
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Article and Insights
Significant Extension to Parent’s Leave and Important Amendment to Adoptive Leave now in effect
From 1 April 2021, the Family Leave and Miscellaneous Provisions Act 2021 provides for a three-week extension to the parent's leave entitlement for...
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Article and Insights
Verifying the Identity of a Data Subject: A Look at What’s Reasonable in the Circumstances
What constitutes a reasonable request for further information for verifying identity? Do you need to ask for additional information in all circumst...
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Article and Insights
Amber Light for the EU’s Digital Green Certificate
EDPB and the EDPS release Joint Opinion on the EU's Digital Green Certificate.
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Article and Insights
Land Development Agency Bill 2021 – What do you Need to Know?
The Land Development Agency Bill 2021 (Bill) has been published, which aims to put the Land Development Agency on a statutory footing. What are th...
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Article and Insights
Consultant
Ciara McLoughlin
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Article and Insights
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Article and Insights
High Court Refuses Winding Up Petition against Company for Unpaid Rent
The High Court recently refused a winding up petition brought against a company by its landlord for unpaid rent. The High Court found that a bona f...
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Article and Insights
Intense Regulatory Focus on Liquidity Risk Management Continues
Fund liquidity management is a hot button issue for local, EU and international regulators. See our analysis of the Central Bank's and ESMA's dema...
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Article and Insights
Is a Further PRIIPs Delay for UCITS Imminent?
UCITS become subject to the requirement to produce a PRIIPs KID on 1 January 2022. See our analysis of the latest developments and whether these a...
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Article and Insights
Employer Successfully Defends Mandatory Retirement Age Policy
This article examines a recent Labour Court decision in which the Court upheld an employer's mandatory retirement age policy.
Senior Associate
Richard Smith
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Article and Insights
White Collar Crime & Investigations Summer 2021 Briefing
In our Summer 2021 briefing, our White Collar Crime & Investigations team have collated recent domestic and international developments in the area ...
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Article and Insights
Walking Away From Loyalty Penalties – the End for Differential Pricing?
Central Bank of Ireland proposes that customers who remain loyal to their insurer are not penalised with higher prices
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Article and Insights
EIOPA Publishes Analysis on National General Good Rules
EIOPA has published its analysis of the published national general good rules on registration and professional and organisational requirements unde...
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Article and Insights
Asset Management & Investment Funds Update – Nov 21
Welcome to the November 2021 edition of our Asset Management & Investment Funds Update.
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Article and Insights
Virtual Asset Service Providers Become Subject to Registration Requirements and AML/CTF Obligations
On 23 April 2021, provisions of the Fifth Anti-Money Laundering Directive (5AMLD) were transposed into Irish law and the new legislation requires v...
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Article and Insights
The Examinership of Norwegian Air – Key Features
Following the conclusion of the Norwegian Air examinership on 26 May we, having advised Kieran Wallace as examiner, reflect in detail on some of th...
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Article and Insights
An Employer’s Guide to Upcoming Changes to the Pensions Regulatory Landscape
IORP II will transform the pension landscape and create new challenges for employers in the management of their pension schemes. We examine some of...
Consultant
Ciara McLoughlin
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Article and Insights
Long Distance Employment Relationships – Trouble in Remote-Working Paradise?
Employers based in Ireland whose employees relocated abroad while working remotely must now navigate a number of complex and novel tax, HR and empl...
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Article and Insights
IORP II – The Pensions Authority publishes final Code of Practice
IORP II full compliance picture revealed: we discuss the Pensions Authority's final Code of Practice and next steps for employers and trustees.
Consultant
Ciara McLoughlin
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Article and Insights
Deputy Governor outlines 2021 Priorities and Expectations of the Central Bank of Ireland
We briefly consider the key topics covered in the 'Governance and risk in a time of uncertainty and change' speech delivered by Deputy Governor of ...
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Article and Insights
A Lookback at Data Protection for 2020: The DPC Publishes the 2020 Annual Report
The Data Protection Commission has published another annual report on what has been a challenging a year, and certainly a year of firsts for the body.
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Article and Insights
SCSI Contracting for Surveyors – Current Trends 2021
Legal issues and trends to be considered when drafting and managing construction documents will reflect the risks associated with that project. Leg...
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Article and Insights
New Government Legislation Programme: Industry & Sector Breakdown
The Government Legislation Programme for the Autumn 2021 session has been published.
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Article and Insights
IPHA’s Revised Code of Practice for the Pharmaceutical Industry
Taking effect on 1 March 2021, the IPHA have revised their Code of Practice for the Pharmaceutical Industry
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Article and Insights
Review of the VAT Rules for Financial and Insurance Services
The current VAT rules for financial and insurance services are criticised for being complex, difficult to apply and not having kept pace with the d...
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Article and Insights
The Future of How Ireland Works Part 4: The Central Bank is Getting SEARious about Individual Accountability
As part of our Future of How Ireland Works series, our Employment lawyers discuss current issues of concern, from an employment legal perspective, ...
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Article and Insights
William Fry Submits Feedback to Consultation on Draft SCCs for International Data Transfers
William Fry submit feedback to the European Commission in respect of consultation feedback on the Commission's draft implementing decision on stand...
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Article and Insights
UK Update – Prudential and Rothesay Life Successful in Appeal
The UK Court of Appeal has overturned the High Court's refusal to sanction the transfer of a £12bn portfolio of annuities from Prudential to Rothesay.
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Article and Insights
ESMA To Retain Derivative Trading Rules Post Brexit Transition
ESMA has confirmed to market that it does not believe there is a risk to compliance with the MiFIR Derivatives Trading Obligations post 31 December...
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Article and Insights
Schrems II: Court Orders the DPC to Pay Majority of Costs
The Data Protection Commission has been ordered to pay the majority of the costs in the litigation concerning the Schrems II decision. This follows...
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Article and Insights
Invoice Finance – a Vital Source of Liquidity as Irish Businesses Emerge from the COVID-19 Lockdown
Our leading receivables finance team examines legal and other factors that may support growth in the Irish invoice finance industry as businesses e...
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Article and Insights
The New Programme for Government – a Significant Insurance Reform Agenda
In this article we consider the new Programme for Government which contains significant Insurance Reform proposals.
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Article and Insights
Finance Bill 2020 Proposals – Improvements to the Practice & Procedure of the Tax Appeals Commission
Budget 2021 was announced on 13 October 2020. In addition to the budget, the Finance Bill 2020 proposes certain changes to the practices and proced...
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Article and Insights
Central Bank Publishes QIAIF Consultation and New Q&As
The Central Bank has published a new consultation with draft guidance for PE funds and other closed-ended QIAIFs in addition to two new Q&As for ILPs.
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Article and Insights
ESMA Recommends Liquidity Action Items for Funds
Following its recent deep-dive liquidity review of corporate debt and property funds, ESMA has recommended that liquidity and valuation policies be...
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Article and Insights
Revised Shareholders’ Rights Directive: Changes introduced for Traded PLCs
New rules to encourage long-term shareholder engagement and increase transparency in traded companies.
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Article and Insights
Improved Access to Affordable Medicines – EU Proposes Radical Action
EU Commission releases its Pharmaceutical Strategy for Europe, marking the first step in its proposed overhaul of the pharma regulatory framework.
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Article and Insights
Lights Out for Illegal Streaming of European Soccer Matches as UEFA Secures High Court Order
European football's governing body UEFA secured a High Court order requiring several internet service providers to block the illegal live streaming...
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Article and Insights
Introduction of Statutory Sick Pay in 2021 – What Employers Need to Know
The Irish Government has announced that it is committed to introducing statutory sick pay by the end of 2021. A consultation process with stakehol...
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Article and Insights
National Transport Authority Welcomes Stakeholder Input on New COVID-19 Taxi Regulations
The National Transport Authority is proposing new regulations to ease some of the obligations placed on small public service vehicle licence holder...
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Article and Insights
Publication of New Capital Markets Union Action Plan
The European Commission's recent publication of its “new, ambitious” Capital Markets Union Action Plan is welcome news for the Irish insurance sector.
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Article and Insights
Opening Remarks at the CBIs 2020 Insurance Industry Briefing
CBI Director of Insurance Supervision, Domhnall Cullinan, provided the opening remarks at the CBI's 2020 Insurance Industry Briefing
Senior Associate
Catherine Carrigy
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Article and Insights
No “Negotiation” for the Court of Justice of the European Union on Commercial Agent Status
This article discusses a recent decision of the Court of Justice of the European Union confirming that a commercial agent does not need to be able ...
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Article and Insights
Landmark Scheme of Arrangement to Restructure US$1.65bn of Senior Debt Sanctioned by the Irish High Court
William Fry recently advised Ballantyne Re plc, an Irish reinsurance SPV, on the approval and implementation of a landmark Irish law scheme of arra...
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Article and Insights
EU Taking Stock of Equivalence Approach & Other Updates
Each month our Asset Management & Investment Funds team write a 'Legal & Regulatory Update'. Welcome to the our August edition.
