Pearse Trust Blog

A derivative action / derivative claim is a claim brought against one, or more, company directors, or a third party (such as a senior manager / executive, or someone who has benefitted from the act, or omission, complained of), by one, or more, members of the company, on behalf of that company.  Prior to the UK Companies Act 2006, such claims were governed by common law principles.

Ireland was the only EU country Mr Xi Jinping - China's leader-in-waiting - visited during his recent tour. During his time in Ireland Vice President Xi Jinping and Ireland’s Taoiseach Enda Kenny witnessed the signing of several 'door-opening' agreements between Government departments, State agencies, universities and companies.

The Statute Law Revision Project was established to conduct an analysis of, and consult on, statutes which may be appropriate for repeal.

On Wednesday 8 February 2012 Ireland’s Minister for Finance, Michael Noonan T.D., published Finance Bill 2012, to give effect to the tax, and other measures, announced in the Budget of 6 December 2011, and to introduce other tax measures not already outlined on Budget day.  While Finance Bill 2012 runs to 124 sections, this article focuses on the features of the Bill most relevant to Ireland’s economic recovery and of interest in the context of international tax matters. 

Ireland's Securitisation regime under  Section 110 Taxes Consolidation Act 1997, makes Ireland a popular location for establishing tax neutral special purpose securitisation vehicles (SPV). Securitisation is commonly used to facilitate the raising of finance funds by banks, leasing companies, pension funds and insurance companies by leveraging against future income streams of assets held.  

A report released by the House of Commons has suggested that poor corporate governance was common within the Football Association.

A number of the main corporate governance failures include the decision to amend the contract of former England Manager Fabio Capello prior to the 2010 FIFA World Cup without the approval of either the Board of the FA or its remuneration committee.

Minister for Justice, Equality & Defence, Alan Shatter, announced at the end of January, the introduction of two major new immigration initiatives, aimed at encouraging and facilitating migrant entrepreneurship and investment, in exchange for Irish residency.

Background

A new and innovative form of New Zealand Limited Liability Company known as a "Look Through Company" (LTC) has been available for registration in New Zealand since 1^st April 2011.

Ireland offers a very favourable taxation regime for innovative and research orientated companies through the availability of the Research & Development (R&D) tax credit and the tax relief granted to companies for the capital cost of acquiring intellectual property.