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GC Diversity & Inclusion Report 2016
- Shaping the future of the Bar Roundtable
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Legal market overview
Ireland has remained, post bailout, the fastest-growing economy in the eurozone. Recent reports indicate the increased liquidity of domestic buyers; over half of M&A transactions within the past year have involved Irish acquirers. There is still considerable foreign direct investment in the market, with investment funds continuing to be attracted by the country’s business-oriented tax system. Technology and software giants continue to set up offices in Dublin, and others are expanding their current operations. As a result of this and increasing confidence in the economy, the construction market has begun to grow again, with developments including Google’s new €150m data centre. In line with these trends, law firms have seen an increase in transactional work, and loan sales remain an area of particular activity, particularly those backed by real estate assets.
The widely anticipated Court of Appeal Act came into force in October 2014; this established a general Court of Appeal which sits between the High Court and the Supreme Court, and is designed to increase efficiency and improve waiting times.
Domestic firms dominate the legal market, with the past year seeing increased team sizes. Declan Black is now managing partner at Mason Hayes & Curran, while Michael Jackson was appointed managing partner of Matheson in October 2015. Multinational firms have also established themselves in the market, with many increasing their profile.
Firms in the spotlight
Flynn O’Driscoll is a business law firm focused on achieving practical business solutions for its clients. It was founded by Pat Flynn in 2002 who was joined shortly thereafter by Alan O’Driscoll. Since its formation, its main areas of practice have been corporate and commercial advice, corporate finance and mergers and acquisitions and aviation and assets finance.
The Legal 500 Events
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The pharmacy sector has undergone considerable change in recent years, starting with the enactment of the Pharmacy Act in 2007. A common complaint is that pharmacists have come under increased pressure as a result of these regulatory changes and that greater administrative burdens have been imposed, for example in processing their claims under the various community drugs schemes operated by the State.
by Colin Hayes, Solicitor
by Frank O'Reilly, Partner
By Aoife Murphy, Partner and Robin Hayes, Associate
by Frank O'Reilly, Partner
On 23/06/11 the European Parliament adopted the new consumer Rights Directive which was proposed by the European Commission in 2008. This is the further step towards this Directive coming into effect. The transposition into national law is envisaged for the end of 2013.
Frequent viewers of the latest Hollywood films may be immune to it but Irish broadcasting bosses have traditionally never warmed to the idea of James Bond openly exhibiting the latest Aston Martin or BMW as part of the movie or the promotion of Absolut Vodka as part of the Sex and the City movie.
The Civil Partnership and Certain Rights and Obligations of Cohabitants Act, 2010 (“the Act”) was introduced into law on 01/01/2011. It brought into Irish law the concept of civil partnerships for same sex couples as well as certain rights for cohabiting couples.
Duncan Grehan&Partners have recently been selected to contribute to a survey carried out in all EU Member States to ascertain the practicability of the regulation 805/2004/EC.
In recent times the closure of businesses has unfortunately, become common due to trading difficulties.
AF Group ASA, listed at the Oslo Stock Exchange (OSE-AFG), a leading international civil engineering and construction group headquartered in Oslo, has acquired the renowned Swiss engineering and construction planning company Edy Toscano AG with 370 employees. Together with AF Consult Switzerland AG, AF Group will be among the three largest Swiss engineering and construction planning companies with a combined turnover in Switzerland exceeding CHF 100 million.
VEGAS LEX has organized a roundtable on the main trends of taxation in Russia in 2016-2017*.
It is no longer a rarity for companies to want to hold their boards of directors and supervisory boards liable. It is often the case that claims are asserted arising from D&O insurance.
Organised by Intellectual Property Office of the United Kingdom and Anand and Anand, the conference on “Brand Management: Valuation and Protection” builds on joint UK-India efforts to facilitate ease of business and protect intellectual property.
In its ruling of September 21, 2016, the Court of Justice of the European Union confirmed that cosmetics which were produced with the help of animal testing are subject to a widespread sales ban within the EU (Az.: C-592/14).
Choosing the right corporate form can contribute significantly to the success of a business. GRP Rainer Rechtsanwälte has the requisite experience in setting up companies.
We are pleased to announce that our employees Ayesha Curmally, Michael Isler, Robert von Rosen and Stefan Knobloch, who have been with us for many years, have now been appointed as partners in our chancellery, effective from 1st January 2017.
We are pleased to announce that a new partner, Roger Staub, as well as new consultants, Thiemo Sturny and David Vasella, will be joining our chancellery as of 1st January 2017.
Fairfax Financial Holdings Limited (Fairfax) (TSX:FFH) (TSX:FFH.U) and Allied World Assurance Company Holdings, AG (Allied World) (NYSE:AWH) have entered into a merger agreement (the Agreement), pursuant to which Fairfax will acquire all of the outstanding registered ordinary shares of Allied World. Under the terms of the Agreement, Allied World shareholders would receive a combination of Fairfax subordinate voting shares and cash equal to USD 54.00 per Allied World Share, for a total equity value of approximately USD 4.9bn.
Interest rates for building loans were considerably higher between 2010 and 2013 than they are today. Consequently, it may well be worthwhile withdrawing from real estate loans that were taken out after June 10, 2010.