Sanbra Fyffe Ltd / Share Purchase Agreement

• Jurisdiction: Ireland
• Judgment Date: 21 June 1999
• Date: 21 June 1999
• Docket Number: Decision No. 558
• Court: Competition Authority (Ireland)

COMPETITION AUTHORITY

Decision No. 558

Competition Authority Decision of 21 June 1999 relating to a proceeding under Section 4 of the Competition Act, 1991

Notification No. CA/228/92E - Sanbra Fyffe Ltd/Share Purchase Agreement

Abstract:

Competition Law – Share Purchase Agreement – Application for a certificate, or in the alternative, a licence - Competition Act 1991, section 4

Sanbra Fyffe Ltd notified the competition authority in 1992 of a share purchase agreement which entitled the management of the company to buy out its shares. However, the agreement has expired and the authority will not issue a certificate or licence which would have no legal consequence. The Competition Authority so held without considering whether or not the agreement merited a licence or certificate.

Introduction

1 Notification was made by Sanbra Fyffe Ltd on 30 September 1992 with a request for a certificate under...