AIG / Avondhu (Laya Healthcare) [2015] IECompA m15005 (4 February 2015)
The Competition and Consumer Protection Commission determined that the proposed acquisition would not substantially lessen competition in the insurance sector and cleared the merger.
- Parties
- Acquirer: American International Group Inc.; Acquirer Subsidiary: AIG Europe Holdings Limited; Target: Avondhu Limited; Target Subsidiary: Laya Healthcare Limited; Target Subsidiary: Laya Sevices Limited
- Jurisdiction
- Ireland
- Judgment Date
- 04 February 2015
- Procedural Posture
- Merger Clearance / Phase 1 Determination
- Outcome
- merger cleared
- Legal Topics
- Merger Control, Insurance Sector
Case Brief
Summary, issues, holding and outcome
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Parties
American International Group Inc.
Acquirer
AIG Europe Holdings Limited
Acquirer Subsidiary
Avondhu Limited
Target
Laya Healthcare Limited
Target Subsidiary
Laya Sevices Limited
Target Subsidiary
Procedural Posture
Merger Clearance / Phase 1 Determination
Legal Issues
- 1 Whether the proposed acquisition would substantially lessen competition in the insurance sector in Ireland
Ratio Decidendi
The Competition and Consumer Protection Commission determined that the proposed acquisition would not substantially lessen competition in the insurance sector and cleared the merger.
Court Disposition
merger cleared
Orders
- The proposed acquisition is cleared under Phase 1.
Full Case Text
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