By now many Irish businesses and governmental agencies are aware of the Y2K computer date problem. Although most people are mindful of the potentially drastic practical implications which their business or organisation may experience, many have failed to address the myriad of legal issues which will arise as a result of a Y2K computer failure. Throughout this short article we intend to explain the initiatives which have been undertaken in Ireland to address the problem in industry and business sectors and we also aim to set out the main legal issues which arise together with the applicable law in this jurisdiction.
Certain industry sectors will most definitely find themselves embroiled in legal difficulties if they choose to ignore the legal implications arising from Y2K computer failure. For this reason representative and supervisory bodies of some of the sectors likely to be affected, namely financial institutions and insurance companies, have taken concrete steps to examine the
