Sanbra Fyffe Ltd / Share Purchase Agreement

JurisdictionIreland
Judgment Date21 June 1999
Date21 June 1999
Docket NumberDecision No. 558
CourtCompetition 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...

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