Members of our Global Property & Construction, Corporate and Finance teams from Maples and Calder will be attending MIPIM, the world's leading property market event, at Palais des Festivals in Cannes, France from 13–16 March 2018.
In this chapter, Diarmuid Mawe and Craig Kenny provide an analysis of the Real Estate market in Ireland and examine recent legal and regulatory developments.
Their contribution formed part of the 13th edition of the International Comparative Legal Guide to Real Estate 2018, published in December 2017 by the Global Legal Group Ltd.
In a recent decision on an estate agent’s liability to a purchaser for errors in a sales brochure, the Supreme Court clarified the scope and validity of disclaimers of liability addressed by professional service firms to third parties. In the lead decision, O’Donnell J expressed the view that giving effect to the disclaimer best reflected the proper allocation of risk in the transaction, and that this approach would ultimately provide clarity and efficiency for market participants.
In this Q&A, Matthew Gilbert and Joanna Russell focus on the use of international finance centres, such as the British Virgin Islands, as asset holding vehicles for cross-border investments and the advantages offered by the British Virgin Islands companies. This article first appeared in the Practical Law Corporate Real Estate Global Guide 2017/2018.
The Irish Minister for Finance has announced an increase in the stamp duty rate on Irish commercial property to 6%. This represents a trebling of the existing 2% rate and is expected to raise €376 million over the course of 2018.