The OECD Economic Outlook is issued bi-annually and analyzes the major economic trends and prospects for the subsequent two years.
Last month the US Federal Reserve’s Chairman sent a shock wave through equity markets by suggesting the Fed might slow its programme of Quantitative Easing.
On 6 November 2012, the Ukrainian Parliament adopted changes to the Law of Ukraine "On the Procedure of Carrying-Out Settlements in Foreign Currency".
Belgium has adopted new legislation on the creation and enforcement of security interests in moveable assets.
The Ministry of Finance and the Central Bank of Cyprus issued a decree on 27 March 2013 with regards to the enforcement of temporary restrictive measures on banking transactions in Cyprus.
When Cyprus and the Eurogroup (consisting of fi nance ministers of the EU member states having the Euro as their currency) decided on the terms of a memorandum of understanding with Troika (consisting of the European Commission, the European Central Bank and the International Monetary Fund) the whole world was taken by surprise.
The Republic of Cyprus continues to issue new decrees pertaining to the relaxation of restrictive measures.
So far more than 50 parties, both local and foreign, have filed recourse proceedings in the Cyprus Supreme Court based on the resolution measures agreed by the Eurogroup and the Republic of Cyprus.
The latest relaxations pertaining to transactions were passed on 17 May 2013 in Decree No 12 under the Enforcement of Restrictive Measures on Transactions in case of Emergency Law of 2013.
A number of refinements have been made to the "economic citizenship" programme described in our news item dated 22 April 2013.
The Bonds Act has been significantly amended.
The European Securities and Markets Authority has published a consultation paper on May 24, 2013.
The German Parliament adopted new regulatory requirements for algorithmic and high frequency trading.
Following industry engagement with the Central Bank with regard to the requirement to include a list of transactions with connected parties.
Despite the well documented economic challenges endured in Ireland over the past number of years, the appetite of international companies to invest in Ireland continues to grow.
REITs are a much needed addition to our investment landscape, providing a tax efficient vehicle for international investment in property.
One aspect of the European Commission's handling of the current financial crisis that has received relatively little mainstream coverage is the way in which it has applied the State aid rules to the measures taken by the Member States to shore up their financial systems and to rescue their banks and in the process greatly expanded its oversight role in financial services markets.
In a move that should be welcomed by mortgage lenders and other interested parties the Minister for Justice, Equality and Defence, Alan Shatter T.D. published the Land and Conveyancing Law Reform Bill 2013.
Given the current uncertainties facing banks in the exercise of various repealed statutory powers, the sooner the Bill is enacted and the Start Mortgages decision is consigned to history, the better.
The Shahs' claim was in relation to a delay in the processing of four separate payment instructions.