MLD5 Update and New EU AML Action Plan
The European Commission has issued a recent update on the Fifth Anti-Money Laundering Directive (MLD5). We examine what the MLD5 entails and outline the next steps to be taken.22 May 2020
Highlight
The Domiciles of Choice for ILS
An overview of the strongest domiciles for ILS business.21 May 2020
COVID19 Ireland: Support Extended Credit Guarantee Scheme and New Pandemic Fund
On 2 May 2020 the Irish Government agreed a suite of important measures to further support affected small, medium and larger businesses. These include a €2 billion COVID-19 Credit Guarantee Scheme to support bank lending to small and medium sized enterprises and a new €2 billion Pandemic Stabilisation and Recovery Fund to support medium and large enterprises.19 May 2020
US Partnership Representative Deadline Approaches
In addition to fulfilling an annual requirement for entities filing as a US partnership for tax purposes, there are various situations where appointing a US based partnership representative can be advantageous.19 May 2020
Luxembourg Securitisation Vehicles Could be Removed from ATAD I Exemption
On 14 May 2020, the European Commission (″EC″) sent formal notice letters to advise Luxembourg and Portugal to remove the exemptions from interest limitation rules currently available to certain securitisation vehicles ("SVs"), claiming that the respective provisions of applicable domestic legislation go beyond the allowed exemptions under Article 4 of the EU Anti-Tax and Avoidance Directive I (″ATAD I″)18 May 2020
Business Post - Embrace the New Norms in the Workplace and Opportunity will Follow
In this week's issue of the Business Post, partner and head of the Employment team in our Dublin office, Karen Killalea, speaks to journalist Siobhán Maguire about the reopening of workplaces in Ireland and embracing the new norms.17 May 2020