is a member state of the European Union and, as such, its competition legislation
respects the competition
model set out by the European Community. The Competition Law
is designed to establish a fair corporate behavior and business freedom on the Irish market
; the legislation stipulates which types of actions are considered unfair and it also provides the way in which such situations must be dealt with. Foreign investors interested in the legal environment
applicable to businesses in Ireland
can receive an in-depth presentation from our Irish law firm
Competition Act in Ireland
The Irish law on competition is given by the Competition Act 2002, an official document which prescribes the competition rules and the way in which they will be enforced. As such, the Act states that agreements signed by companies which have as an effect the distortion or restriction of competition in trade (for any kind of services or products) are strictly forbidden.
More exactly, the Act stipulates as a prohibited agreement the one in which the parts involved have set a selling/purchase price which is against the trading conditions. It is also forbidden to control the production or technical development or to apply different contractual conditions to transactions which can be considered equivalent, as a party will be affected by a competitive disadvantage; our lawyers in Ireland
can provide you with more details on the prohibited corporate actions.
Competition regulatory body in Ireland
CCPC has the legal right to investigate the activity of the businesses in Ireland and, if there are identified breaches of the legislation, the body will act by enforcing the rules and regulations of the law.
If you need further information on the competition law in Ireland
, please contact our Irish lawyers
, who can offer you assistance on this matter.