Understanding the legal framework of lending and credit support in Ireland is crucial for navigating financial transactions confidently. This topic provides practical insights on structuring deals, managing risk, and ensuring compliance with local regulations. Ideal for legal professionals, it equips you with key strategies and the latest updates to safeguard interests and facilitate smooth credit processes within the banking and financial services sector. Whether advising clients or drafting agreements, enhance your practice with expert guidance tailored for the dynamic landscape of Irish financial law.
This Precedent is a governing law clause, sometimes known as an applicable law clause or a choice of law clause. The governing law clause is...
Ireland—Material adverse change definitionGeneralThis Precedent is a definition for the term 'material adverse change' (MAC), to be included in the...
Ireland—Counterparts clauseCounterpartsA counterparts clause is a common boilerplate clause which provides that the parties to an agreement may...
Ireland—Declaration of a director’s interests in a proposed transaction or arrangement—general noticeThe directors[Insert name of company]...
Scotland—the process for applying for sequestrationSequestration in Scotland is the legal process by which an insolvent debtor’s estate is gathered in, realised and then distributed among their creditors by a trustee appointed for that purpose. The process requires that a formal award of
Micklefield clausesWhat is a Micklefield clause?It is common for employee share plans to provide that, on termination of employment (or when an employee is given or receives notice of termination of employment), subsisting share awards will be forfeited and subsisting share options will lapse.It is
Late payment penalties—inheritance taxWhile interest often accrues on overdue tax, the late payment of certain taxes may also attract a penalty. For information on the interest accruing on overdue tax, see Practice Notes: IHT—payment deadlines on death—Interest on IHT and Interest on late paid
Contributory negligence in personal injury claimsContributory negligence is a partial defence which can lead to a discount in damages.Other defences may also be relevant. See Practice Notes: Did the claimant consent to the risk of injury? and Was the claimant involved in an illegal activity?If a
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