The long awaited modernised sets of transfer standard contractual clauses ("New Transfer SCCs") and controller-processor Article 28 standard contractual clauses ("Processor SCCs") were adopted...
This new development relates to a proposal to make country-by-country financial and tax information of certain multinational groups or standalone entities publicly available.
On 26 May 2021 Norwegian Air Shuttle ASA (NAS) and related companies (Norwegian Air) exited examinership in Ireland. Through the restructuring Norwegian Air...
Ireland currently does not have a mandatory sick pay scheme and the decision as to whether employees receive pay during periods of sick leave is a matter for each individual employer.
In Kelly v Minister for Agriculture and Others the Supreme Court quashed the Cabinet's decision to dismiss the applicant from his position as harbour master at Killybegs Fishery Harbour Centre.
Eversheds Sutherland Ireland
Rome wasn't built in a day. It's not clear to what extent this was due to construction disputes but the adage is worth bearing in mind when considering the development of adjudication in Ireland under the Construction Contracts Act 2013 ...
Investors, customers, governments and the wider public are putting companies under ever greater pressure to place sustainability at the heart of their business models.
On 24 May 2021, the Department of Finance published its feedback statement (Feedback Statement) concerning the outcome of is public consultation on the exercise of national discretions...
The Sustainable Finance Disclosures Regulation ("SFDR") applied from 10 March 2021 and financial market participants, which include AIFMs, UCITS management companies and self-managed investment companies.
Certain Financial Institutions in Ireland are obliged to file both Foreign Account Tax Compliance Act (‘FATCA') and Common Reporting Standard (‘CRS') reports by 30 June 2021 with Revenue.
The EU Cross-Border Distribution Framework introduces a new framework for the cross-border distribution across the EU of UCITS and alternative investment funds ("AIFs").
Given the popularity of Ireland's funds industry, it comes as little surprise that Irish funds frequently feature in the fund finance landscape and increasingly so in the context of subscription line financings.
Envoy Global, Inc.
Visa processing was suspended at all Irish Consulates and Embassies in the beginning of May due to COVID-19. The government has lifted the suspension and is now accepting certain consular...
As one of the largest alternative investment fund centres in the world, Ireland has continued to evolve its regulatory framework and introduce innovative investment structures to meet the evolving needs of the market.
Ronan Daly Jermyn
There are a range of legislative provisions which ascribe certain duties of care and obligations around agency workers, who are in an unusual position in that they are employed by the agency provider...
Newcastle United Football Club (Newcastle) recently applied to remove the chair of the arbitration panel due to consider the Premier League's rejection of a proposed takeover of the club.
Virtual asset service providers are now subject to anti-money laundering and counter terrorist financing requirements introduced by the Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Act 2021.
The Central Bank's Annual Performance Statement 2020-2021, published on 2 June, sets out its key focus areas for the rest of this year (which coincides with the final six months of...
1 January 2022 is the next key compliance deadline for funds and fund managers under the EU Sustainable Finance Disclosures Regulation (SFDR). It is also the scheduled effective date of SFDR Level 2
Ronan Daly Jermyn
On 11 May 2021, the Affordable Housing Bill 2021 was published (the "Bill"). Prior to the release of the Bill, it was evident that the Government was determined to provide measures to accommodate more affordable housing options.