Financial Regulatory

Credit unions can hold their annual general meetings online in whole or in part under new legislation approved by the Oireachtas. The Finance (Miscellaneous Provisions) Bill 2020 will allow credit unions to hold their AGMs in spite of Covid-19 restrictions.

A £14 billion claim against Mastercard on behalf of 46 million UK customers can go ahead, the UK Supreme Court has ruled in a landmark judgment. The court agreed that the Competition Appeal Tribunal (CAT) made numerous errors of law in refusing to certify a mass consumer collective action brou

Ministers have approved legislative plans aimed at enhancing Ireland's regulatory environment in international financial services. The Investment Limited Partnerships (Amendment) Bill 2020 aims to promote investment and secure Ireland's competitiveness as a market for financial services.

Former Irish president Mary Robinson has been appointed to a panel investigating allegations of corruption at the African Development Bank (AfDB). Mrs Robinson, an experienced barrister, will be joined by Hassan Jallow, Chief Justice of the Gambia, and Leonard McCarthy, a former South African prosec

Solicitor MaryRose McGovern has been promoted to deputy financial services and pensions ombudsman. Finance Minister Paschal Donohoe yesterday appointed Ms McGovern to take up the new role as deputy ombudsman from 20 April 2020, as well as reappointing Ger Deering as the ombudsman.

The Court of Appeal has upheld the order of the High Court that the evidence of a loan servicer was inadmissible hearsay. The proceedings concerned the admissibility of the evidence adduced by Promontoria in its application for summary judgment against Gerry Burns and Anne Burns, and whether it was

A couple received €10,000 in compensation last year after €800 in legal fees was added to their mortgage loan account, a new report has revealed. The couple complained to the Financial Services and Pensions Ombudsman (FSPO) and their settlement was included as a case study in its overview

Dillon Eustace remains the leading legal adviser to Irish-domiciled funds, according to a new report. The firm advises more Irish funds than any other law firm and has continued to do so for over two decades, independent fund research company Monterey Insight said.

Financial regulators in Ireland and the US want institutions to speak up about culture change, a conference hosted by Eversheds Sutherland has heard. The law firm sponsored the well-attended "Regulating Banking Culture" conference at UCD Sutherland School of Law, which comprised a series of roundtab

A man who appealed against the High Court’s decision to grant summary judgment of €221,000 to Bank of Ireland Mortgage Bank has successfully argued that the bank provided insufficient details to be entitled to its claim. Chief Justice Frank Clarke said the obligation that “a defenda

Lenders must not add legal costs to mortgage accounts during repossession proceedings, the Central Bank of Ireland has warned. In a letter to lenders, the Central Bank said the application of legal costs "prior to the conclusion of repossession proceedings and prior to the decision by a court to awa

Three law students at Maynooth University have been awarded prizes for their contributions on the specialised funds law course delivered by Matheson as part of the LLM in international business law.

Ronan Daly Jermyn partner Darryl Broderick and solicitor Hilda Mannix examine two recent judgments clarifying the circumstances in which a loan purchase price would be disclosed to borrower litigants. In recent years, the sale of non-performing loan portfolios by banks and other credit institutions

Global legal business DWF has announced the appointment of Ruairí Mac Cumhaill as a banking and finance partner in Dublin. Mr Mac Cumhaill has more than 11 years' experience working with domestic and international financial institutions, alternative lenders and borrowers operating in Ireland,

An international team at Matheson recently advised two major financial firms in connection with the structuring and establishment of a $200 million receivables securitisation programme with Natixis. The firm advised Stenn, a UK-based non-bank trade finance leading provider specialised in cross-borde