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ARTICLE · 01 APRIL 1996

The Competition - Amendment - Bill 1994

European Federal Credit Bank Limited
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IrelandCorporate/Commercial Law
Johnny Johnson
Johnny Johnson

The Bill proposes to (i) make entry into or implementation of anti-competitive arrangements a criminal offence which would expose participating persons, companies or firms (and in the case of companies, any director, manager, secretary or other similar officer) on being found guilty of an offence, to very substantial fines and/or terms of imprisonment and (ii) to confer powers of enforcement and of investigation of their own initiative on the Competition Authority and (iii) to provide for the imposition of a fee to accompany notifications under the Mergers, Take-Overs and Monopolies (Control) Act, 1978 as amended ("the 1978 Act").

The Bill proposes two fundamental changes to the existing competition law framework introduced by the Competition Act, 1991:

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