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9 Dec 2016
In Spencer v Irish Bank Resolution Limited (in special liquidation) ( IECA 346), the Irish Court of Appeal handed down an important judgement that deals with the scope of a lender's duty of care and potential liability for misrepresentation when promoting an investment opportunity to clients. The case concerned the promotion by the bank of a property development scheme, which ultimately proved unsuccessful.
5 Dec 2016
Following the widespread interest in the results of the survey conducted by Maples Fiduciary in February 2016, we engaged with our US CLO manager clients in November 2016 to provide an update on manager strategies and preparedness for risk retention.
29 Nov 2016
With effect from 15 November 2016 most Irish companies are obliged to obtain and hold information about their beneficial owners. This is because of the early transposition of certain provisions of the Fourth Money Laundering Directive ((EU) 2015/849) ("4MLD") into Irish law by the European Union (Anti-Money Laundering: Beneficial Ownership of Corporate Entities) Regulations 2016 (the "Regulations").
9 Nov 2016
The Irish Commercial Court (Costello J) has recently clarified a number of issues regarding an Irish investment company authorised as a UCITS fund which will also have relevance for investment companies generally.
7 Nov 2016
Cyber security continues to be a key concern for the Central Bank of Ireland (the "CBI") and Maples and Calder has in a previous update highlighted some of the issues for the funds industry. As part of its ongoing...