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Orla O’Connor
+353 1 920 1181
[email protected]
Ten Earlsfort Terrace
Dublin 2
D02 T380
Ireland
Orla is a partner in the Finance Department and Chair of the firm. She has led on numerous financing and restructuring transactions both for banks and borrowers across all asset classes and on some of the most high profile financial services M&A transactions in the Irish market.
Orla is also a member of the firm’s Financial Regulatory Group and advises on bank reorganisations and on a wide range of regulatory issues relating to payments, electronic money, anti-money laundering, mortgage arrears and consumer credit. She has also advised a range of banks, private equity firms and servicers expanding and restructuring their operations on regulatory, licensing and other legal issues and on their interactions with the Central Bank. She has advised on a wide range of bank asset disposals by both Irish and international banks operating in Ireland as part of their deleveraging strategies.
In 2022, Orla was recognised as one of IFLR1000 Women Leaders and she is ranked as a Legal 500 Leading Individual (2021); Chambers Eminent Practitioner (2021) and IFLR1000 Expert Consultant (2022).
Relevant Experience
- Advised Permanent TSB plc (PTSB) on the acquisition of certain elements of the Ulster Bank Ireland DAC (Ulster Bank) retail, SME and asset finance businesses
- Advised Apollo Capital Management on a range of bids, acquisitions and servicing arrangements in the Irish market and on the related restructuring and financing arrangements
- Advised Bain Capital on a range of financing and loan asset purchases in the Irish market
- Advised Lloyds Banking Group on its Irish loan portfolio disposals
- Advised Elliott Capital on a range of asset purchases in the Irish market
- Advised Goldman Sachs on the licencing of a range of portfolio companies and relating outsourcing arrangements
- Advised Cabot Ireland on various servicing arrangements
- Advised Balmoral International Land plc on its financing arrangements
- Advising a broad range of banks, regulated firms and servicers on financial regulatory issues including anti-money laundering and financial sanctions compliance, consumer credit issues, review of policies and procedures, customer documentation and customer correspondence to ensure compliance with consumer legislation and the Consumer Protection Code, SME Code and Mortgage Arrears Code
Insights Blog
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NPL Update: Report of Mortgage Arrears Review Group published
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AML Update: 'Single Rulebook' and AMLA Regulations, and related Directives, published in Official Journal
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AML Update: Final approval for upcoming EU AML/CFT Package
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Central Bank reminder of key 2024 priorities
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NPL Update: Dear CEO Letter on Early Mortgage Arrears
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Consumer Protection Code Reform: Central Bank launches 3-month consultation
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Balmoral International Land plc’s Take Private
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Arthur Cox announces 11 new senior appointments
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Geoff Moore reappointed as Managing Partner for a second term
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Arthur Cox features in the Balance for Better Business Annual Report 2022
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Permanent TSB plc acquisition of elements of Ulster Bank business
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Arthur Cox awarded Firm of the Year at the 2021 European Women in Business Law Awards
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Arthur Cox launches EMBRACE, its Race and Ethnicity network
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Orla O’Connor, Grainne Hennessy, Maura McLaughlin and Tara O’Reilly are recognised in IFLR1000 Women Leaders 2021
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Arthur Cox recognised in Accenture’s inaugural Outside Counsel Diversity Awards
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The Central Bank (Individual Accountability Framework) Bill 2022
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SEAR/Individual Accountability: Proposed Privilege “Safe Harbour”
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SEAR/Individual Accountability: Proposed Changes to the Central Bank’s Administrative Sanctions Procedure
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SEAR/Individual Accountability: Minister for Finance publishes General Scheme of Bill
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NPL Update: Central Bank wants “meaningful progress” on long-term PDH mortgage arrears
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SEAR: Draft legislation expected shortly
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NPL Update: Scope of Credit Servicing Directive agreed
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Investment Firms Update: New prudential regime applies to MiFID investment firms across the EU
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Regulatory Horizon-Scanning: Central Bank priorities for the rest of 2021
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AML Update: Express Trusts and Beneficial Ownership – Welcome Clarity
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AML Update: Crypto-Assets – VASPs must register with Central Bank
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Outsourcing: Registers and Outsourcing Policies – Key points from the Central Bank’s draft cross-industry guidance
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Arthur Cox Q&A: MLD5 Transposition and AML Horizon-Scanning
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Outsourcing: Contractual Requirements – Key points from the Central Bank’s draft cross-industry guidance
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Outsourcing: Risk Assessments and Due Diligence – Key points from the Central Bank’s draft cross-industry guidance
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NPL Update
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Outsourcing: Governance and Monitoring – Key points from the Central Bank’s draft cross-industry guidance
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Arthur Cox Q&A: EU Crowdfunding Regulation
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Outsourcing: Central Bank consults on draft cross-industry guidance for regulated firms
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Investment Firms: New prudential rules will apply from 26 June 2021
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AML Update: Central Register of Beneficial Ownership of Companies goes live
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Mortgage Arrears: Government-sponsored version of ‘Keeping People in their Homes Bill’ passed by Oireachtas
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Senior Executive Accountability Regime – Work begins on draft legislation
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Retail Clients: Central Bank to restrict sale of CFDs and ban binary options
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Accountability for Senior Executives – Update on Central Bank Proposals
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Fitness and Probity: Central Bank ‘Dear CEO’ Letter
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AML Update: Beneficial Ownership of Corporates
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Express Trusts: Trustees must now set up Beneficial Ownership Registers
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AML Update: Do you need to register with the Central Bank?
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AML Update: New Irish Act comes into force
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AML Update: MLD5 published in Official Journal; new time-frames confirmed
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AML Update: MLD5 published in Official Journal; new time-frames confirmed
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AML Update: Bill transposing MLD4 published
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AML Update: MLD5 (which will amend the MLD4 rules on beneficial ownership) has been agreed
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