The Gazette 1995

GAZETTE

DECEMBER 1995

First Review of the Courts System since 1927

The Working Group on a Courts Commission, established by the Minister for Justice, Mrs. Nora Owen, TD, had its first meeting on 6 November, 1995. The Working Group

Working Group, any members of the solicitors' profession who have specific proposals on how the courts system should be reformed are invited to communicate them, preferably in writing, to Ken Murphy, Director General of the Law Society. The members of the Group are: Mrs. Justice Susan Denham, Supreme Court; Mr. Justice Ronan Keane, High Court; Mr. Justice Kevin O'Higgins, Circourt Court; Mrs. Justice Catherine McGuinness, Circuit Court (Family Law); Judge Peter Smithwick, District Court; Mr. Anthony Hederman, Chairman of the Law Reform Commission; Mr. Ken Murphy, Director General of the Law Society; Mr. James Nugent, S.C., Chairman of the Bar Council; Mr. Ken Wright, Management Consultant; former Attorney General Mr. John Rogers, S.C.; Ms. Roisin McDermott, Chairwoman of Women's Aid; Mr. Kevin Duffy, ICTU Assistant General corporate or non-corporate, which falls under the definition of an "investment business firm" requires an authorisation from either the Central Bank of Ireland or the Minister for Enterprise and Employment. The nature of the activities undertaken by an investment business firm determines which supervisory authority is appropriate. Whether a company is resident or non-resident in the State, is irrelevant in determining whether it falls under the provisions of the Act, its activities are the determining factor. Engaging in investment business activities specified under the Act without appropriate authorisation is a criminal offence.

is chaired by Mrs. Justice Susan Denham of the Supreme Court.

In a statement issued on the establishment of the Working Group, the Minister for Justice said that the Group would be engaged in the first root and branch examination of the courts system since it was set up in 1927. The Group would provide the opportunity "for a thorough examination of the courts system to ensure that it is meeting the needs of today's society", she said. The Working Group decided that it would meet weekly and that its first act should be to invite submissions from interested individuals or groups in the terms of the notice which is published on page In addition or as an alternative to making submissions to the The Investment Intermediaries Act came into effect on I August, 1995. This legislation provides for the regulation of firms or individuals ("Investment Business Firms") who engage in investment business or give investment advice ("Investment business Services"). It implements the Investment Services Directive and applies many of the principles in the Insurance Act, 1989, to general investment business. The Central Bank has asked the Society to ask solicitors involved in company formation to alert clients involved in providing "investment business services" to the provisions of the Investment Intermediaries Act, 1995. Under the Act any firm, whether

The Honourable Mrs. justice Susan Denham.

Secretary; Mr. Caoimhin O hUiginn, Department of Justice; Mr. Colm Breslin, Department of Finance; Mr. Richard Barrett, Attorney General's Office. Lady Solicitors Golf Society Outing at Kilkenny, 25 August 1995 \v)l I// Results Captains Prize and Quinlan Trophy -Muriel Walls (16) 39pts Second Prize - Keyna McEvoy (30) 38pts Third Prize - Barbara Cotter (32) 38pts Gross - Virginia Rochford (12) 24 Gross pts Visitors Prize - Joan Binchy (16) 40pts Sheila O'Gorman Trophy - Maura Deri van (36) 34pts First Nine - Helen Kilroy (21) 21 pts Second Nine - Eimear Cowhey (28) 22pts Officers 1995/96 Captain Mary Gleeson Secretary Caroline Crowley Treasurer Diana Jamieson

Company Formations - Investment Business Services

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