Grey Communications Group/Campbell Advertising Ltd [1996] IECA 468 (25th June, 1996)

Grey Communications Group/Campbell Advertising Ltd [1996] IECA 468 (25th June, 1996)

The acquisition and associated arrangements do not have the object or effect of preventing, restricting or distorting competition in the State; conflict and compensation clauses are reasonable and do not offend Section 4(1); retention clause does not restrict competition.

Citation
[1996] IECA 468
Parties
Acquirer: Grey Communications Group Limited; Target: Campbell Advertising Limited; Shareholder: Paul Campbell; Shareholder: Maureen Carrigan; Shareholder: Niall Austin; Shareholder: John Carvil
Jurisdiction
Ireland
Procedural Posture
Competition Authority Notification / Decision
Outcome
certificate granted
Legal Topics
Merger Control, Share Acquisition, Conflict of Interest Clauses, Compensation Clauses
Competition Law Merger Control Share Acquisition Conflict of Interest Clauses Compensation Clauses

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Parties

Grey Communications Group Limited

Acquirer

Campbell Advertising Limited

Target

Paul Campbell

Shareholder

Maureen Carrigan

Shareholder

Niall Austin

Shareholder

John Carvil

Shareholder

Procedural Posture

Competition Authority Notification / Decision

Legal Issues

  1. 1 Whether the acquisition of 40% of Campbell Advertising Limited by Grey Communications Group Limited prevents, restricts or distorts competition under Section 4(1) of the Competition Act, 1991.
  2. 2 Whether conflict and compensation clauses in the share purchase agreement are anti-competitive.

Ratio Decidendi

The acquisition and associated arrangements do not have the object or effect of preventing, restricting or distorting competition in the State; conflict and compensation clauses are reasonable and do not offend Section 4(1); retention clause does not restrict competition.

Court Disposition

certificate granted

Orders

  • Certificate issued that the agreement does not offend Section 4(1) of the Competition Act, 1991.