Significant and wide-ranging new powers of investigation, intervention and enforcement are proposed to be given to the Irish Competition and Consumer Protection Commission (CCPC), under the Competition (Amendment) Act 2022.
Contact usOn 24 November 2022, the European Commission approved, under the EU's State Aid Temporary Crisis Framework, a €1.22bn Irish scheme to support many businesses in Ireland with higher energy costs as a result of the Ukraine crisis.
EU, Competition & ProcurementOn 4 October 2022, the European Union's Economic and Financial Affairs Council adopted formally the Digital Services Act (DSA). The DSA is known formally as the "Regulation on a Single Market for Digital Services and amending Directive 2000/31/EC" and is designed to create a safe digital space for both citizens and businesses.
TechnologyThe Irish Government has published the long awaited Screening of Third Country Transactions Bill 2022 which will introduce a screening regime for foreign direct investments in Ireland by parties established in third countries.
Corporate & M&AThe landscape of foreign direct investment (FDI) into Ireland will be changed significantly by the Screening of Third Country Investments Bill 2022 (the Bill), which introduces an investment screening mechanism in Ireland for the first time.
Corporate & M&AThe European Union (EU) has been developing a sophisticated Foreign Direct Investment (FDI) screening regime. This FDI screening regime revolves around Regulation 2019/452.
EU, Competition & ProcurementThe Irish merger control authority (i.e. the Competition and Consumer Protection Commission (CCPC)) has been given a significant new power of merger control intervention under the recently-enacted Competition (Amendment) Act 2022 (Act).
EU, Competition & ProcurementIreland's long-awaited investment screening legislation was published earlier today. The Screening of Third Countries Investment Bill (the Bill), once enacted, will introduce a screening mechanism for foreign direct investment (FDI) into Ireland.
Corporate & M&AA new cartel leniency regime is set to be introduced in Ireland under the Competition (Amendment) Act 2022 (the 2022 Act), which will allow cartel members to benefit from reduced penalties by coming forward to the Competition and Consumer Protection Commission (CCPC) and admitting their wrongdoing.
EU, Competition & ProcurementOn 13 July 2022, the General Court of the European Union (the General Court) handed down its judgment in Case T-227/21 concerning an action brought by Illumina, Inc. (Illumina) and Grail LLC (Grail) to challenge the decision of the European Commission (the Commission) to review the acquisition of Grail by Illumina (the Transaction).
EU, Competition & ProcurementOn 21 July 2022, Ireland's Competition and Consumer Protection Commission (CCPC) announced that it has approved unconditionally the proposed acquisition by Permanent TSB plc (PTSB) of certain assets of Ulster Bank Ireland DAC (UBIDAC) (part of NatWest) after a Phase 2 investigation.
EU, Competition & ProcurementOn 30 June 2022, the Council and the European Parliament reached a provisional political agreement on the regulation on foreign subsidies distorting the EU’s internal market (the Regulation).
EU, Competition & ProcurementOn 30 June 2022, the Council and the European Parliament reached a provisional political agreement on the regulation on foreign subsidies distorting the EU’s internal market (Regulation).
EU, Competition & Procurement
