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Managing conflicts of interest in asset management: key takeaways from recent FCA fines
15 June 2022On 30 March 2022 the Financial Conduct Authority (the “FCA”) published final notices against GAM International Management Ltd (“GAM”) and Timothy Haywood, a former fund manager for GAM, in connection with failures to manage conflicts of interest arising from dealings with Greensill Capital (UK) Limited. The fines, equalling £9,103,523 and £230,037 respectively, should serve as a warning to asset managers on the importance of adequately dealing with conflicts of interest and emphasise the necessity in having a robust framework in place to identify and manage any such conflicts.
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Data Protection Commission Annual Report – takeaways for employers
27 April 2023The Irish Data Protection Commission (DPC) recently published its annual report for 2022 detailing the activities it undertook in 2022 and setting out its regulatory strategy and priorities for the next five years. In this article we focus on the topics and guidance that we think are most relevant for employers, specifically in the areas of data breaches, subject access requests and data subject complaints. We also summarise some of the more notable case studies that might interest employers.
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The Building Safety Act 2022 – Key Takeaways
07 July 2023The Grenfell disaster led to the realisation that many buildings in the UK have historical fire safety defects that are either associated with their original construction or later refurbishment. In response, the Government introduced the Building Safety Act 2022 (“BSA”) which came into force from April 2022 and contains various leaseholder protections which exempt them, in certain circumstances, from paying any remediation costs.
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Irish Data Protection Commission Guidance on Subject Access Requests – Takeaways for Employers
07 September 2023In this second article in our two-part series, Linda Hynes, partner in the Employment, Immigration and Reward team of Lewis Silkin Ireland, looks at the recent guidance issued by the Irish Data Protection Commission (‘DPC’) on managing subject access requests and considers the key takeaways for employers when dealing with such requests.
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Commitment and Collaboration - key takeaways from the Smart Building Show 2023
07 November 2023Smart tech and smart buildings are now becoming a priority for business leaders and owners, but the current climate challenges require commitment and collaboration. At the recent Smart Buildings show we learnt more on how smart buildings are part of a solution to a complex problem:
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JLL Green Lease Report 2023 – Key Takeaways
22 March 2024JLL recently published their research on Green Leasing 2.0; bridging the owner-occupier divide to deliver shared ESG value.
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Employer must provide ‘adequate facility’ to take annual leave, says Advocate General
14 June 2017An Advocate General of the European Court of Justice (“ECJ”) has given his opinion that employers must provide an “adequate facility” for workers to exercise the right to paid annual leave under the EU Working Time Directive (“WTD”). On termination of employment, the employer must pay in lieu of untaken leave for the period during which the worker did not have such a facility to take it.
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All hands on deck as creative industries and search engines tackle online piracy (Brands & IP Newsnotes - issue 5)
23 June 2017The UK Government, through the UKIPO, Ofcom and DMCS, has helped broker an agreement between Google, Bing, the BPI and Motion Picture Association over a new voluntary code of practice.
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Hong Kong government tables bill to abolish Mandatory Provident Fund offsetting mechanism to the Legislative Council
07 March 2022There is finally visibility on how the government proposes to sunset the controversial Mandatory Provident Fund (“MPF”) offsetting mechanism as the long-awaited Employment and Retirement Schemes Legislation (Offsetting Arrangement) (Amendment) Bill (“Bill”) was tabled to the Legislative Council on 23 February 2022. The government hopes that the law will be finalised within the current government office term and expects the mechanism to be abolished by 2025. This article provides a summary of the key changes and some key takeaways for employers.
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Beyond borders: Comparative Table of employment law in Great Britain, Northern Ireland and the Republic of Ireland
13 June 2024Do you need to stay up-to-date with employment law developments across Great Britain, Northern Ireland and the Republic of Ireland? If so, our updated Comparative Table will be a handy reference guide.
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Don’t blink: The Immigration Rules are changing again
17 March 2017The Home Office published the latest Statement of Changes in the Immigration Rules yesterday, 16 March 2017. The changes take effect on 6 April 2017. We summarise here the changes that will affect you most.
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Size doesn’t matter (so says the ICO about recipients of big fines for data breaches)
03 July 2017If you thought that you’re too small a business to have to bother about data protection, then think again.
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It’s not just about Getting(G) Data(D) Protection(P) Ready(R): some digital businesses and infrastructure providers shouldn’t forget to be ‘NIS’
11 July 2017May 2018 is a month which will already be highlighted in the calendars of those responsible for their organisations’ compliance with the General Data Protection Regulation (GDPR). It’s now under a year away. But for some digital businesses and infrastructure providers, when it comes to security risk management and reporting obligations, the GDPR isn’t the whole story.
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A Deed of Retirement doesn’t always protect a retiring partner
09 June 2020It’s not unreasonable to think that if a partner retires from a limited liability partnership (“LLP”) under the terms of a Deed of Retirement which contains a waiver and release clause, that partner will not be subjected to claims for any liabilities to the LLP.
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Posting employees to the EU, EEA or Switzerland? Don’t forget the social security position
15 February 2021In a welcome move last week, the EU notified the UK that all EU countries will apply the “detached workers” exception to UK employees who are temporarily seconded to work in the EU. Similarly the UK will apply the detached workers exception for EU employees who are temporarily seconded to work in the UK. This article reviews the latest position.
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HSE Cyber Attack – the fallout hasn’t even started!
21 May 2021On 14 May the Health Service Executive (HSE), Ireland’s equivalent of the NHS, suffered what has been described as a catastrophic, “ransomware”, cyber-attack. Ransomware is a type of malicious software or malware used by cyber criminals to encrypt the target’s data. The cyber-crime gang “Wizard Spider”, based in Eastern Europe, is believed to be behind the attack.
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Return to the offices in Ireland: Síobhra Rush comments on the issues arising for employers as they encourage staff back to the office
28 January 2022As employers in Ireland have once again been given the green light to bring their staff back to the office, Síobhra Rush comments on how businesses should approach bringing employees back to the office.
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Brexit and the points based immigration system
03 August 2016The UK’s potential withdrawal from the EU has placed our immigration systems under scrutiny. This article reviews the nature of our current system. We highlight aspects which could be improved and aspects which will have to change if EU nationals will be subject to the same Immigration Rules as non-EU nationals
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Is it possible to have a global appraisal system?
07 December 2016As more and more companies organise themselves in regional or even global structures, the need for some form of global benchmarking of performance becomes ever more pressing but is it really possible to have one system that can accurately grade performance across the USA, China and Nigeria?
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Law Society Report: AI in the Justice System
13 June 2019The Law Society has now published the final report of its Technology and the Law Commission (the “Commission”) investigation into the use of algorithms in the justice system. It follows a year-long exploration by the Commission of whether algorithms’ use within the justice system should be regulated to protect human rights and trust and, if so, how.