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ARTICLE · 07 MARCH 2024

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Ireland's Investment Screening Regime – Getting Ready

William Fry LLP
William Fry LLP
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William Fry LLP

William Fry LLP

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The Irish Screening of Third Country Transactions Act 2023 (the Act) is currently expected to enter into force by 30 June 2024.

IrelandAntitrust/Competition Law
Sheila Tormey
Sheila Tormey
Cormac Little SC
Cormac Little SC
Claire Waterson
Claire Waterson
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Getting Ready

The Irish Screening of Third Country Transactions Act 2023 (the Act) is currently expected to enter into force by 30 June 2024. On 16 February 2024, the Department of Enterprise, Trade and Employment (the Department) published Draft Guidance on the Act (the Draft Guidance) as well as a Draft Notification Form. This article gives parties an overview of how the regime is expected to operate, with a focus on jurisdiction, notification process and timing.

What is a third country?

Third country is defined as outside the EEA and Switzerland. The UK and the US are third countries.

Do you need to notify?

If you answer "yes" to each of the six questions below, you will need to notify the transaction (Section 9).

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