Introduction of Negative Interest Rates by Irish Financial Institutions

17 February, 2021

Author:

John Darby,

For some time now, Irish financial institutions (the “Banks”) have been, or have been planning to, charge “negative interest” on corporate deposits. This is asserted by the Banks to be in response to the commercial situation in the Irish banking market and across the European Union since 2014 when the European Central Bank introduced negative […]

FBD Test Case a Significant Victory for Business Interruption Insurance Policyholders

5 February, 2021

Author:

Private: Conall Ennis,

David Curran,

Today, the Commercial Court has found in favour of the policyholders who challenged FBD Insurance’s decision to deny cover in respect of business interruption losses sustained as a result of the Covid-19 pandemic. The outcome of this case was highly anticipated by all FBD Insurance policyholders who had purchased business interruption cover, as well as […]

Cloudy Skies: Will Ireland be an important hub
for global aviation disputes? (Updated on 19 March 2021)

4 February, 2021

Ireland’s long established position in the global aviation industry has led to many global aviation finance structures involving Irish based lessors and Irish special purpose vehicles. While the governing law for financial arrangements between financiers and aircraft lessors is generally English or New York law, Irish law often governs the suite of security documents. […]

Irish DPC fines Twitter €450,000 for data breach

22 December, 2020

Author:

Laura Myles,

Private: Áine Moloney,

Nolene Treacy,

On 15th December 2020, the Irish Data Protection Commission (the “DPC”) announced its decision to impose an administrative fine of €450,000 on Twitter International Company (“Twitter”) following an investigation into a personal data breach reported by Twitter, under the self-reporting obligations of General Data Protection Regulation (EU) 2016/679 (“GDPR”). The breach arose as a result […]