BNY Holdings / AIB/BNY Securities Services (Ireland) Limited [2006] IECompA m06060 (31 August 2006)
The proposed acquisition does not raise competition concerns and is cleared unconditionally at Phase 1.
- Parties
- Acquirer: BNY Holdings (UK) Limited; Target: AIB Fund Services (Ireland) Limited
- Jurisdiction
- Ireland
- Judgment Date
- 31 August 2006
- Procedural Posture
- Merger Notification / Phase 1 Clearance
- Outcome
- Cleared (Phase 1)
- Legal Topics
- Proposed Acquisition, Fund Administration, Trustee and Custodial Services
Case Brief
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Parties
BNY Holdings (UK) Limited
Acquirer
AIB Fund Services (Ireland) Limited
Target
Procedural Posture
Merger Notification / Phase 1 Clearance
Legal Issues
- 1 Whether the proposed acquisition of AIB Fund Services (Ireland) Limited by BNY Holdings (UK) Limited would substantially lessen competition in the relevant market
Ratio Decidendi
The proposed acquisition does not raise competition concerns and is cleared unconditionally at Phase 1.
Court Disposition
Cleared (Phase 1)
Full Case Text
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