IFSC.ie Legal Features

Charities VAT Compensation Scheme – A General Guide

13/02/2019 - While charities in Ireland can qualify for a broad range of tax exemptions, they have no general exemption from VAT.

Irish Government Proposals for Insurance Sector in No-Deal Brexit Scenario

13/02/2019 - On 24 January 2019, the Irish Government published the general scheme of the 'Miscellaneous Provisions (Withdrawal of the United Kingdom from the European Union on 29 March 2019) Bill 2019' (the "Scheme").

GDPR Bites – Google fined €50 million for breach

12/02/2019 - On 21 January 2019, the CNIL, the French data protection authority ordered Google to pay a fine of €50 million based on a violation of the General Data Protection Regulation (GDPR).

Ireland Delays Introduction of New Pension Laws

07/02/2019 - The deadline for transposition of IORP II (Directive 2016/2341) (the "Directive") passed on 13 January 2019, with the Department of Employment Affairs and Social Protection (the "Department") issuing a statement on the matter last week.

Publication of the Companies (Amendment) Bill 2019

07/02/2019 - The Companies (Amendment) Bill 2019 (the Bill) has been published. This is a very short Bill with just two proposed sections to amend section 343 of the Companies Act 2014 (the Act) with respect to the time periods permitted for the filing of annual returns.

Brexit: Extend, Suspend, Mend, Amend or Pretend?

25/01/2019 - Following the decision of the House of Commons on 15 January 2019 to reject the draft Withdrawal Agreement between the EU and the UK, what happens now?

New Corporate Enforcement Authority Proposed: Further Changes to Companies Act 2014 on the Horizon

25/01/2019 - The General Scheme of the Companies (Corporate Enforcement Authority) Bill 2018 (the "Scheme"), which proposes to make a number of amendments and additions to the Companies Act 2014 (the "Act"), was recently published

Reputation Management – A Corporate Survival Guide

08/01/2019 - “It takes twenty years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently” ? Warren Buffett.

The Availability of the Poison Pill Defence in Ireland

08/01/2019 - Since 2009, the number of Irish registered companies listed on US exchanges, principally the NYSE and Nasdaq, has grown steadily and currently numbers 30. These companies are typically holding companies for large international groups, in many cases with global operations.

Artificial Intelligence in the Workplace (Part 5): AI and Inter-generational Working

06/12/2018 - In our Artificial Intelligence (AI) in the Workplace article series we are considering the potential positive impacts that AI could have on the workplace and the possible amendments required to Irish employment law to allow these to happen.

"Face-Off”: Facebook, The Data Breach and The DPC

22/11/2018 - Since 25 May 2018, two of the most hotly debated questions have been:

Higher Financial Thresholds for Merger Notifications

08/11/2018 - The Minister for Business, Enterprise and Innovation, Heather Humphries, has laid the Competition Act 2002 (Section 27) Order 2018 (the “Order”) before the Houses of the Oireachtais on 3 October 2018

Blockchain Resolution Passed by EU Parliament but GDPR Could Be Weak Link

07/11/2018 - In October 2018 the EU Parliament passed a resolution: "Distributed ledger technologies and blockchains: building trust with disintermediation".

Anti-Corruption Legislation- Corporates Take Action

02/11/2018 - The Criminal Justice (Corruption Offences) Act, 2018 (the“2018 Act”) was signed into law on 5 June, 2018. The 2018 Act was subsequently commenced by Ministerial Order with effect from 30 July 2018

Central Bank of Ireland Issues Revised Guidance on the Use of Financial Indices

02/11/2018 - The Central Bank of Ireland (“Central Bank”) has introduced a new self-certification regime for UCITS using financial indices and will generally no longer require the prior review and approval of such financial indices.

How will Brexit impact Public Procurement in the UK?

02/11/2018 - On 5 September 2018, the House of Commons issued a 17 page Briefing Paper discussing the impact of Brexit on the UK public procurement sector. A brief summary of the findings is set out below.

Ireland's Corporation Tax Roadmap – The Rules of the Road are Changing

02/11/2018 - The Department of Finance published "Ireland's Corporation Tax Roadmap" (the Roadmap) on 5 September 2018.

Electronic procurement – October 2018 deadline

15/10/2018 - On and after 18 October 2018, all public procurement communication and information exchange must be conducted electronically.

Closing the gender pay gap

05/10/2018 - After years of financial crisis, many of the world’s economies have the battle scars to prove it. But imagine there was a way to boost growth by trillions of euro.

Tax Strategy Papers – A Glimpse of the Future for Irish Corporation Tax

05/10/2018 - The Department of Finance has published its Budget 2019 Tax Strategy Group ("TSG") ("the Group") Papers.

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