Publication
Ireland
On 31 October 2023, the Screening of Third Country Transactions Act 2023 (the “Act”), which establishes a new foreign direct investment ("FDI") screening regime in Ireland, was enacted.
United Kingdom | Publication | March 2024
In Farley (formerly CR) and others v Paymaster (1836) Ltd [2024], the High Court partially dismissed a claim for misuse of private information and breach of the data protection law when annual pension benefit statements containing personal details of about 450 current and former police officers were sent in error to out-of-date addresses by the defendant administrator.
Nicklin J dismissed the claims in relation to those claimants who had not adduced evidence that their statement and been opened and read by someone other than the claimant, holding that they should be struck out or summarily dismissed as disclosing no reasonable grounds for bringing the claim. He allowed the remaining 14 claims to proceed.
The judge decided:
Just 14 out of over 450 claims will proceed to trial. The question of whether the 14 claimants could surmount a threshold of seriousness (were one found to apply in data protection claims) was factual and could only fairly be resolved at trial. In addition, so long as the administrator defendant continued to dispute liability on the basis that it was a data processor rather than a data controller, there remained a common issue between the 14 claims that needed to be resolved.
This is an interesting case for employers and they should note the outcome of the future court judgment in respect of the 14 claimants whose cases are being pursued.
Publication
On 31 October 2023, the Screening of Third Country Transactions Act 2023 (the “Act”), which establishes a new foreign direct investment ("FDI") screening regime in Ireland, was enacted.
Publication
The EU Foreign Subsidies Regulation, or FSR, is intended to prevent or remedy distortions of the EU internal market caused by “foreign” – meaning non-EU – subsidies benefitting companies active in the EU.
Publication
The conventional wisdom is that ‘securitisation caused the great financial crisis’ (GFC). A further piece of conventional wisdom is that this was due to the misalignment of incentives between securitisation originators and securitisation investors . This conventional wisdom in turn drove much of the regulation of securitisation we now have.
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