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Ireland Q1 2013 banking developments
- Mason Hayes & Curran
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- Ireland
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- May 9 2013
The first wave of the restructuring involved the transfer of “hard to value” and poorly performing commercial property assets out of the bank system
An integrated Irish aviation policy minister Leo Varadkar publishes issues paper for consultation (28th February 2013)
- Mason Hayes & Curran
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- Ireland
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- March 13 2013
On 3rd December 2012 the Department of Transport, Tourism and Sport together with the Irish Aviation Authority hosted a conference to hear from
To consent or not to consent
- Mason Hayes & Curran
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- Ireland, United Kingdom
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- July 30 2012
In Porton Capital Technology Funds v. 3M UK Holdings Ltd & 3M Company, the English High Court considered the concepts underlying the requirement to seek and obtain consent on the one hand, and the countervailing measure of other parties entitlement not to consent
Successful exclusion of implied terms for goods
- Mason Hayes & Curran
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- Ireland
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- July 30 2012
The High Court in Air Transworld Ltd v. Bombardier Inc. ruled that an exclusion clause that did not expressly refer to the word "conditions" was nevertheless successful to exclude the conditions implied into a sale of goods under the Sale of Goods Act 1979 (England
Is a letter of intent ever an enforceable agreement?
- Mason Hayes & Curran
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- Ireland
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- July 30 2012
When does a letter of intent become a contract?
Irish Bank Resolution Corporation Act 2013
- Mason Hayes & Curran
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- Ireland
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- February 8 2013
The promissory note was an obligation created by the Irish State in favour of IBRC. It was a unilateral promise by the State to pay IBRC the sum of
What is meant by an obligation to use best endeavours, all reasonable endeavours?
- Mason Hayes & Curran
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- Ireland
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- July 31 2012
The meaning of phrases such as best efforts; reasonable endeavours; commercial practicable efforts pose a challenge to the interpretation of the scope and effect of contractual covenants and obligations contained in written contracts, whether in lease agreements or contract for the provision of services
New resolution regime for credit institutions operating in Ireland
- Mason Hayes & Curran
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- Ireland
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- March 29 2011
Matthew Elderfield, Head of Financial Regulation at the Central Bank of Ireland in an address on March 22, 2011 commented that "to enable the Irish banks to meet the required international metric of liquidity, the Irish banking system will have to be slimmed down and right-sized over time."
Rebuilding confidence in financial services in Ireland
- Mason Hayes & Curran
- -
- Ireland
- -
- May 26 2011
The Eurogroup and ECOFIN Ministers in their statement on 21 November 2010 acknowledged the need to build on the strong fundamentals of the Irish economy
Update on financial services regulation
- Mason Hayes & Curran
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- Ireland
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- March 29 2011
The Central Bank are committed to meeting and exceeding best practice in regulation in financial services centres internationally, and has set a high standard to assist in rebuilding and restoring confidence amongst international financial community in the Irish banks and in its regulatory oversight
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