Paul Foley

Paul Foley

Partner

IFSC, Dublin

Tel: +353 (0) 1 670 2990
Fax: +353 (0) 1 670 2988

Email: pfoley@mckr.ie

Experience

Paul Foley practices English and Irish law, and specialises in cross border financial services law, online trade and internet.

He advises companies on:

  • corporate, shareholders and subscription agreements and the sale and purchase of companies, particularly in the services sectors.
  • international trade, including committed and uncommitted letters of credit facilities, bills of exchange, Incoterms, distribution, and the sale of products and services over the internet
  • online / ecommerce, including underlying corporate structures, sale of products and services over the internet, regulatory compliance particularly in the financial services sector
  • reviewing and perfecting security taken in Ireland and England and the putting in place of new security
  • supervisory advice and regulatory compliance advice in financial services (including life and non-life insurance) or Real Estate Investment Trusts.

He has published and given seminars on Legal Issues connected with Targeting International Markets, Cross Border Financial Services Developments, Legal Developments impacting Investment Firms, and Insurers, and the Evolving EU Regulation of Payment Services.

Paul Foley is additionally authorised and regulated by the Solicitors Regulation Authority of England and Wales. SRA number 209146.

Professional Bodies

Law Society of Ireland

Law Society of England & Wales

Solicitor’s Regulation Authority

Education

BCL (Bachelor of Civil Law)

LLM (Master of Laws)

Dip EU (European Union) Law

Recently Authored

Payment Services Directive 2 (PSD 2) in Short

29 November 2016

Public consultation of the implementation of Payment Services Directive 2 is imminent. The new regulatory framework it provides will the Commission argue reduce costs, improve the security of payments and facilitate the emergence of new players and innovative new mobile and internet payment methods.

Published in Financier Worldwide – December 2016

Financier Worldwide: Financial Services Regulation 2016

11 August 2016

In the 2016 Financier Worldwide Financial Services review, author and Partner Paul Foley gives his perspective on the current legal and regulatory Financial Services environment.

Financial Regulation, Financier Worldwide, August 2016.

The SME Regulations 2016

30 July 2016

From July 1st 2016, regulated lenders (other than credit unions) must comply with additional requirements in respect of SME lending, enforcement and the taking of security.

Legal Aspects of Investment based Crowdfunding

15 May 2015

Crowdfunding at its most basic level, is an open appeal to the public for funds for a specific project or for a specific objective.

The range of companies using it is a lot wider than one might think.

Evolving Regulation of Payment Services

5 March 2015

Payment Services are a vital component in enabling the free movement of goods, services capital and persons in the EU. In an article published in Financier Worldwide, we look at the Evolving Regulation of Payment Services.

The Companies Act 2014

20 February 2015

The Act will commence 1st June 2015. It is generally pro business, deregulatory and will cut compliance costs in the long term.

There will however be costs to companies to adopt their documentation to the new regime in the short term.

Real Estate Investment Trusts (REITS)

28 February 2013

REITS are listed companies (quoted on a recognised exchange), holding rental investment properties. They have diverse ownership with no group controlling the entire REIT. The company is generally required to distribute at least 90% of profits to investors.