State Street Corporation -with- Mourant Limited (Provision of Fund administration services and corporate administration services) [2009] IECompA M09026 (14 December 2009)
The Competition Authority determined that the proposed acquisition would not substantially lessen competition in the provision of fund administration services and corporate administration services in Ireland and therefore cleared the transaction.
- Citation
- [2009] IECompA M09026
- Parties
- Acquirer: State Street Corporation; Target: Mourant Limited
- Jurisdiction
- Ireland
- Judgment Date
- 14 December 2009
- Procedural Posture
- Merger Notification / Phase 1 Clearance
- Outcome
- cleared
- Legal Topics
- Merger Control, Fund Administration Services, Corporate Administration Services
Case Brief
Summary, issues, holding and outcome
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Parties
State Street Corporation
Acquirer
Mourant Limited
Target
Procedural Posture
Merger Notification / Phase 1 Clearance
Legal Issues
- 1 Whether the proposed acquisition of certain subsidiaries of Mourant Limited by State Street Corporation would substantially lessen competition in the provision of fund administration services and corporate administration services in Ireland.
Ratio Decidendi
The Competition Authority determined that the proposed acquisition would not substantially lessen competition in the provision of fund administration services and corporate administration services in Ireland and therefore cleared the transaction.
Court Disposition
cleared
Orders
- The proposed acquisition of certain subsidiaries of Mourant Limited by State Street Corporation is cleared.
Full Case Text
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