On 14 September 2015, Minister of State for International Financial Services Simon Harris TD launched the FPAI, a new trade association founded to further the interests of stakeholders involved in the rapidly evolving Irish FinTech sector.  

FinTech (financial technology) is the term used to describe any technology applied to financial services. Across the broad spectrum of FinTech products available, everyday examples include mobile banking, peer to peer lending, digital currency (e.g. Bitcoin), crowdfunding (e.g. Kickstarter) and online payments systems (e.g. Stripe). Continue Reading Minister for International Financial Services launches FinTech and Payments Association of Ireland (FPAI)

The Government have published a draft Consumer Rights Bill (the "Bill") which aims to reform Irish consumer law and streamline current statutory provisions in this area. The Bill is focused on transactions between traders and consumers. Though the Bill covers wide remit of consumer rights in relation to the supply of goods and services, it is interesting to note that it specifically addresses consumer rights in respect of digital content, extending the existing provisions as introduced pursuant to the European Consumer Rights Directive of 2011.

Continue Reading Government consults on new Consumer Rights Law covering Digital Content

The European Commission has recently unveiled a 16 point plan for boosting the European digital economy entitled ‘A Digital Single Market Strategy for Europe’ (the Plan). The Plan envisages widespread revision of existing European internet, intellectual property and e-commerce law in a series of bold measures that the European Commission projects would add €415 billion to European GDP and also create 3.8 million new jobs.Continue Reading Europe’s 16 point Digital Master Plan

The European Court of Human Rights, in Defli AS v Estonia, has upheld unanimously a finding of liability against an Internet news portal regarding offensive comments that were posted online by one of its readers. The Court held that making Defli AS liable for the comments was a justified and proportionate interference with its right to freedom of expression and thta there was no violation of Article 10 (freedom of expression)

The facts of the case date back to 2006, when Delfi AS, one of Estonia’s largest internet news sites published an article relating to a ferry company and its decision to change some of its routes to certain islands. This change subsequently damaged ice roads considered to be a cheaper alternative to the ferry services. This led to an outcry of abusive and potentially defamatory online comments about the owner of the ferry company underneath the article.Continue Reading Website found liable for online commentary