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.
Pensions Ombudsman and PPF Ombudsman annual report and accounts 2023 to 2024 published
United Kingdom | Publication | October 2024
The Pensions Ombudsman and PPF Ombudsman Annual Report and Accounts 2023 to 2024 has been published. The report marks the first full year in post as Ombudsman for Dominic Harris.
The report highlights a challenging year for Pensions Ombudsman following the cyber incident that was discovered in June 2023. As a result of these challenges, the Ombudsman was not able to repeat the success of the previous year in closing more cases than it received.
The report reveals that the number of closures reduced from 7,784 in 2022/23 to 6,634 in 2023/24 as a result of the impact of the cyber incident, as well as market challenges in recruiting and retaining skilled staff on fixed-term contracts commensurate with the Ombudsman’s funding model, and an increase in the number of complex cases that remain in its historical caseload.
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Recent publications
Publication
Regulation 1/2003 2.0 – What to expect for a revised procedural antitrust framework under a new European Commission?
The European Commission (EC) is contemplating a revision of the procedural framework for antitrust investigations that is laid down in Regulation 1/2003 and Regulation 773/2004 (together, the “Regulations”).
Publication
Draft Guidelines on abusive exclusionary conduct – Striking a balance between effective enforcement and economic analysis
On 01 August 2024, the European Commission (EC) launched a public consultation on the draft text of the Guidelines on the application of Article 102 TFEU to abusive exclusionary conduct by dominant undertakings (the draft Guidelines).
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