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ARTICLE · 04 AUGUST 1996

The Competition Amendment Act, 1996 - Penalties

European Federal Credit Bank Limited
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IrelandEmployment and HR
Johnny Johnson
Johnny Johnson

Conviction for an offence under the 1996 Act will make any participating undertaking or individual liable:-

  • on summary conviction (for minor offences), to a fine not exceeding IRo1,500 or, in the case of an individual, to such a fine or, at the discretion of the Court, to imprisonment for a term not exceeding 6 months or to both such fine and imprisonment;
  • on conviction on indictment (for more serious offences), to a fine not exceeding the greater of IR£3,000,000 or 10% of the turnover of the undertaking in the financial year ending in the 12 months prior to the conviction or, in the case of an individual, to such a fine or, at the discretion of the Court, to imprisonment for a term not exceeding 2 years or to both such fine and such imprisonment;

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