ILBS/FNBS [1993] IECA 19 (9th June, 1993)

ILBS/FNBS [1993] IECA 19 (9th June, 1993)

The Authority found that the transfer of engagements would not have the effect or object of preventing, restricting, or distorting competition within the State, given the small market share of ILBS, the competitive nature of the relevant markets, and the presence of multiple competitors.

Citation
[1993] IECA 19
Parties
Transferor: Irish Life Building Society; Transferee: First National Building Society
Jurisdiction
Ireland
Procedural Posture
Competition Authority Notification / Decision on Notified Agreement
Outcome
Certificate granted; agreement does not offend Section 4(1) of the Competition Act, 1991.
Legal Topics
Merger Control, Building Societies, Transfer of Engagements, Market Concentration, Competition Assessment
Competition Law Financial Regulation Merger Control Building Societies Transfer of Engagements Market Concentration Competition Assessment

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Parties

Irish Life Building Society

Transferor

First National Building Society

Transferee

Procedural Posture

Competition Authority Notification / Decision on Notified Agreement

Legal Issues

  1. 1 Whether the transfer of engagements between ILBS and FNBS constitutes an agreement that prevents, restricts, or distorts competition under Section 4(1) of the Competition Act, 1991.

Ratio Decidendi

The Authority found that the transfer of engagements would not have the effect or object of preventing, restricting, or distorting competition within the State, given the small market share of ILBS, the competitive nature of the relevant markets, and the presence of multiple competitors.

Court Disposition

Certificate granted; agreement does not offend Section 4(1) of the Competition Act, 1991.

Orders

  • The Competition Authority certifies that the agreement for the transfer of engagements of Irish Life Building Society to First National Building Society does not offend against Section 4(1) of the Competition Act, 1991.