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Ireland Legal News - November 2010
Regulatory reform continues to be a hot topic this month with recent efforts by the Central Bank to increase oversight of financial institutions. Taxand Ireland reports on the Central Bank's new code of practice on lending to related parties and the imminent publication of its corporate governance requirements for credit institutions and insurance undertakings. They also report on proposed amendments to Irish bankruptcy law; new legislation providing for civil partnership and cohabitation rights; a new code of practice for Revenue audits; a Commercial Court judgment in respect of personal guarantees and a recent High Court decision relating to illegal downloading.
Regulatory reform in states will always have an effect on companies especially if they are trading within that country. Companies need to be prepared when disclosing financial information to the authorities and make sure that they are complying with key legislation.
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