The Law Searching Portal
for Professionals

What is an Irish Collective Asset-management Vehicle (ICAV) search? In order to respond to the above premised question, we must first ask ‘What is an ICAV?’  Operating under the European Commission’s regulatory framework for managing and selling mutual funds (i.e., financial products that aggregate assets from shareholders to invest in bonds, market instruments, stocks and other assets) Irish Collective Asset-management Vehicles (ICAVs) were first introduced by the Central Bank in March 2015. In doing so, ICAVs represented a new form of collective investment vehicle for Undertakings for Collective Investment in Transferable Securities (UCITS) funds and Alternative Investment Funds (AIFs) and

What are Closing Searches? Typically, when a premises goes ‘Sale Agreed’ the selling and purchasing solicitors will generate a contract which commits the buyer to the purchase of the property (right or interest) as seen, yet subject to the contract’s agreed terms and conditions. Invariably the contract to purchase will include a deliberation on the outcomes of title investigations, in the form of closing searches. Closing searches thus can be defined as ‘…a series of investigations made to (a) establish title, (b) flag impediments or burdens, (c) address undertakings to lending institutions, and (d) provide the instructing solicitor with insights

What is a Beneficial Ownership search? Ever since European Anti-Money Laundering legislation was transposed into Irish law from 2015 onwards, it has become a requirement for companies, industrial and provident societies, and Certain Financial Vehicles (CFVs) to (a) maintain an internal register of their beneficial owners and (b) to file this information with a central register. In Article 3(6), 4AMLD, a Beneficial Owner is defined as any natural person(s) who either directly or indirectly ultimately (a) owns more than 25% of the company/society’s shares, (b) controls more than 25% of the company/society’s voting rights or (c) exercises control via other

Extending from the Townland Valuation Act (1826) and the Irish Poor Law Act (1838), attempts to create valuation of land evolved over time in Ireland into the Tenement Valuation Acts of 1846 and 1852. 

Friendly Societies have been described as ‘mutual aid’ associations. At their outset, they were organised on a voluntary basis to ‘…protect members against debts incurred through illness, death, or old age’.

The Irish Land Commission (ILC) was founded in 1881 and its primary role was to oversee the dissolution of large land estates and enable tenants to purchase the subdivided holdings.

The intention of a Proceeding search is to flag whether there any High Court actions (or referred actions from lesser courts) initiated that could potentially affect the ownership of a property, or impact on the boundaries/ right/ interests of a sale property.