Veritate Ltd/ AIB plc. [1993] IECA 192 (3rd December, 1993)

Veritate Ltd/ AIB plc. [1993] IECA 192 (3rd December, 1993)

The notified lease, including its exclusive and restrictive user clauses, does not have the object or effect of preventing, restricting, or distorting competition in the State and therefore does not offend against section 4(1) of the Competition Act, 1991.

Citation
[1993] IECA 192
Parties
Landlord: Veritate Ltd; Tenant: Allied Irish Banks Plc
Jurisdiction
Ireland
Procedural Posture
Competition Notification / Decision on Certificate Under Competition Act 1991
Outcome
certificate issued
Legal Topics
Exclusive Lease Clauses, ATM Facility, Section 4 Competition Act 1991, Anti Competitive Agreements
Competition Law Exclusive Lease Clauses ATM Facility Section 4 Competition Act 1991 Anti Competitive Agreements

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Parties

Veritate Ltd

Landlord

Allied Irish Banks Plc

Tenant

Procedural Posture

Competition Notification / Decision on Certificate Under Competition Act 1991

Legal Issues

  1. 1 Whether the lease agreement between Veritate Ltd and Allied Irish Banks Plc contains clauses that prevent, restrict, or distort competition contrary to section 4(1) of the Competition Act, 1991.

Ratio Decidendi

The notified lease, including its exclusive and restrictive user clauses, does not have the object or effect of preventing, restricting, or distorting competition in the State and therefore does not offend against section 4(1) of the Competition Act, 1991.

Court Disposition

certificate issued

Orders

  • Certificate issued stating the agreement does not offend against section 4(1) of the Competition Act, 1991.