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[null,"Prepared By:","Contributors:"]
[null,"Arthur Cox","Richard Ryan"]
[]
[]
[]
["Lex Mundi Global Merger Notification Guide"]
[]
["Report Generated: 11/19/2025"]
[]
["View your report results on next tab"]

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["Question","Ireland"]
["Lex Mundi Merger Notification"]
["Is there a regulatory regime applicable to mergers and similar transactions?","Yes. The rules governing Irish merger control are set out in Part 3 of the Competition Act 2002 (as amended) (the “\nCompetition Act”). This legislation was most recently amended by the Competition (Amendment) Act 2022, which introduced significant reforms to the Irish merger control regime. This legislation entered into force on 27 September 2023.\n"]
["Identify the applicable national regulatory agency/agencies."," The regulatory body in Ireland is the Competition and Consumer Protection Commission (the “ CCPC ”), which was established under the Competition and Consumer Protection Act 2014 and replaced the Competition Authority and the National Consumer Agency. \n In addition to being subject to merger control review by the CCPC , media mergers (as defined in Part 3A of the Competition Act ) are subject to a separate review by the Minister for Tourism, Culture, Arts, Gaeltacht, Sport and Media (the “ Minister for Media ”). "]
["Is there a supranational regulatory agency (e.g., the European Commission) that has, or may have exclusive competence? If so, indicate."," Yes. Where a transaction meets the financial thresholds set out in the EU Merger Regulation and is notifiable to the European Commission, this supranational body will have jurisdiction to review the transaction instead of the CCPC . "]
["Are there merger filing requirements? If so, where are they set out?"," The statutory basis for the merger filing requirements is Parts 3 and 3A of the Competition Act .  The CCPC has also published a template Merger Notification Form and a number of notices and guidelines on how it applies the jurisdictional and substantive assessment aspects of Irish merger control.  These include the CCPC ’s ‘Guidelines for Merger Analysis’, in which the CCPC explains how it analyses the effects that a merger or acquisition would have on competition in Ireland and the CCPC ’s ‘Mergers and Acquisitions Procedures’ document, which outlines the procedures for dealing with mergers and acquisitions notified to the CCPC .  \n All relevant Irish merger control legislation and CCPC notices and guidelines are available on the website of the CCPC ( https://www.ccpc.ie/business/mergers/guidance-on-mergers/guidance-mergers/) .  "]
["What kinds of transactions are \"caught\" by the national rules? (Identify any notable exceptions.)"," A transaction may be caught by the national rules where: \n \n Two or more previously independent undertakings merge; \n One or more individuals who already control one or more undertakings or one or more undertakings, acquire direct or indirect control of the whole or part of one or more other undertakings; or \n The acquisition of part of an undertaking, although not involving the acquisition of a corporate legal entity, involves the acquisition of assets, including goodwill, that constitutes a business to which a turnover can be attributed. \n \n In addition, the creation of a joint venture to perform on a lasting basis all the functions of an autonomous economic entity (“a full-function joint venture”) constitutes a merger or acquisition. "]
["Is notification required for minority investments?"," The acquisition of a minority interest in an undertaking will be notifiable only where the minority interest is sufficient to give the undertaking involved joint or sole control. "]
["Are foreign-to-foreign transactions captured by the merger control regime, and is there a local effects test?"," A merger or acquisition that meets the jurisdictional thresholds must be notified to and approved by the CCPC even if the transaction is between “foreign” companies. As the relevant turnover is turnover in the State of the undertakings involved, the jurisdiction of Irish merger control rules is primarily targeted at transactions with a nexus to the Republic of Ireland. There is no local effects test. "]
["What are the relevant thresholds for notification?"," The relevant thresholds are met if, in the most recent financial year: \n \n aggregate turnover in the Republic of Ireland of all of the undertakings involved is not less than €60m; and \n turnover in the Republic of Ireland of each of two or more of the undertakings involved is not less than €10m. \n \n The thresholds can apply to transactions involving the sale of rented property.  Media mergers that fall under the Competition Act are also notifiable on a mandatory basis, regardless of whether the financial thresholds are met. "]
["Is the filing voluntary or mandatory?"," The filing is mandatory for a merger or acquisition that meets the financial thresholds. The filing is also mandatory in the case of a media merger under the  Competition Act , regardless of the turnover involved.  Any of the parties to a merger or acquisition that do not satisfy the financial thresholds may voluntarily notify the merger or acquisition to the CCPC for its review and approval under the merger control rules. \n Since the commencement of the Competition (Amendment) Act 2022, the CCPC also has the power to direct notification of “ below-threshold ” transactions where the CCPC considers that a transaction may have “ an effect on competition in markets for goods or services in the State ”. "]
["Provide the time in which a filing must be made."," The earliest possible filing date is when: \n \n One of the undertakings involved has publicly announced an intention to make a public bid or a public bid is made but not yet accepted; \n The undertakings involved demonstrate a good faith intention to conclude an agreement or a merger or acquisition is agreed; or \n In relation to a scheme of arrangement, a scheme document is posted to shareholders. \n \n The filing must be made before the proposed merger or acquisition is put into effect (see applicable penalties for “gun-jumping” below). "]
["Is there an automatic waiting period? If so, please specify."," A transaction that is notifiable cannot be put into effect without approval. Therefore, following a filing, the applicable statutory period for a determination must have expired without a determination having been made before the merger or acquisition can be put into effect. "]
["What are the form and content of the initial filing?"," Notifications to the CCPC must be made on the standard notification form, which is available on the CCPC ’s website. The filing is long-form. Parties may seek waivers from completing sections of the form in certain cases. The notification form sets out the scope of information required from the parties, which includes a detailed description of the undertakings involved and the rationale for the proposed transaction, an analysis of the horizontal overlaps and vertical relationships arising, definitions of the relevant product and geographic markets, the market shares of the parties and their competitors in relevant markets, and the views of the parties as to the effect of the transaction on competition in the State. The Minister for Media has also prescribed a specific form for the notification of media mergers to the Department of Tourism, Culture, Arts, Gaeltacht, Sport and Media (“ Department of Media ”). \n In addition, the Simplified Merger Notification Procedure (the “ Simplified Procedure ”) is available for the notification of mergers that do not raise competition concerns in Ireland. The  Simplified Procedure is available in a number of scenarios, including where the merger does not result in a horizontal or vertical overlap, any horizontal overlap does not result in a combined share of more than 15%, any vertical overlap does not involve either party having a share of supply at each level of the market having a market share of more than 25%, or where the merger results in a change of control from joint to sole control. Although the same notification form must be used, parties are not required to provide certain information for transactions submitted under the Simplified Procedure (which would otherwise be required).  Further information on the Simplified Procedure is set out in the CCPC ’s “Simplified Merger Notification Procedure Guidelines” (see here: https://www.ccpc.ie/business/wp-content/uploads/sites/3/2020/05/Simplified-Merger-Notification-Procedure-Guidelines.pdf) . \n A simplified procedure is also available in respect of the media merger review process (the “ Simplified Media Merger Procedure ”). The  Simplified Media Merger Procedure is available when the following conditions are met: (i) the target undertaking does not carry on a media business in the State and it is not intended that it would do so; (ii) the target undertaking does not target audiences in the State and it is not intended that it would do so; and (iii) there is no reason to expect that the transaction may have a direct impact on the activities of any media business that operates in the State.  "]
["Are filing fees required?"," A notification of a merger or acquisition must be accompanied by a fee, which is currently €8,000; otherwise, the notification is invalid. The fee is payable to the CCPC and also applies with respect to transactions submitted pursuant to the  Simplified Procedure . "]
["Please provide an overview of the merger review process. Are there time limits within which the regulatory agency must act? Can they be shortened by the parties or be extended by the regulatory agency?"," Every notification will involve a Phase I review.  At the end of Phase I, the CCPC will either approve the proposal (unconditionally or subject to commitments if offered by the parties) or open a full Phase II investigation. The CCPC cannot prohibit a transaction at the end of Phase I.  The CCPC will conduct a Phase II investigation if, at the end of Phase I, the CCPC is unable to conclude at that stage that the transaction will not result in a substantial lessening of competition. \n Phase I commences when the CCPC receives a complete notification.  If separate notifications are submitted, Phase I commences from the date of receipt of all of the required complete notifications.  In general, the CCPC must complete its Phase I review within 30 working days after receipt of a complete notification(s), although this period may be extended in certain circumstances. \n During this period, the CCPC may send out requests for information or questionnaires to the notifying parties and/or third parties (e.g., competitors, customers, suppliers and trade associations), asking for information necessary for its assessment and verifying the information contained in the parties’ notification.  If, within 30 working days of notification, the CCPC issues a formal written request for information (“ RFI” ) to any of the notifying parties, the period of 30 working days will stop and the Phase I review period will commence again from the date that the CCPC receives the parties’ full responses to the RFI . \n Phase II of a merger review commences when the CCPC adopts a decision to carry out a full Phase II investigation at the end of Phase I.  Within 120 working days after the “appropriate date”, the CCPC must complete its Phase II review and adopt a decision.  The appropriate date is the date of notification or, if a formal RFI was issued to the notifying parties within 30 working days of the notification, the date on which the full response to the RFI was submitted to the CCPC . \n In a Phase II review, the notifying parties will continue to engage with the CCPC , answering any further requests for information or clarification received from the CCPC (including RFI s that will pause the clock on the CCPC ’s review until the parties have fully responded).  Meetings may take place between the notifying parties and the CCPC .  At these meetings, any competition concerns on the part of the CCPC should become apparent.  Third parties may also engage with the CCPC . \n At the end of 40 working days following the initiation of the Phase II review, the CCPC will either approve the proposal or issue an assessment to the notifying parties if it is not satisfied that the proposal would not substantially lessen competition.  The CCPC will detail in its Assessment the competition issues that it believes arise.  The notifying parties will be granted access to the CCPC ’s file and will normally be given 15 working days within which to reply to the Assessment.  The notifying parties may also request an Oral Hearing before the CCPC .  An Oral Hearing usually takes place shortly after the response to the Assessment.  At the end of Phase II, the CCPC will either clear the transaction (unconditionally or subject to conditions) or prohibit the transaction. \n In principle, the same timelines as set out above for a standard Phase I review apply in relation to the Simplified Procedure .  However, if the use of the Simplified Procedure is accepted, this will usually result in a quicker decision (in 2024, mergers submitted under the Simplified Procedure were cleared within 13.3 days of notification, on average).  Alternatively, the CCPC may revert to the standard merger procedure in certain circumstances, thus restarting the clock on its review and requiring full information to be provided. "]
["What is the substantive test for clearance?"," A merger or acquisition will be prohibited under the Competition Act if the result of the transaction will be to “substantially lessen competition in markets for goods or services in Ireland”. The CCPC ’s investigations look at the possible effect of the proposed transaction on price and other potential impacts on consumers, such as changes to quantity, quality, consumer choice and innovation. \n For media mergers, the test for the subsequent review by the Minister for Media is whether the result of the media merger will be contrary to the public interest in protecting a plurality of the media in the State. "]
["What decisions can the agency make in relation to a notified merger (e.g. approval, approval with conditions or prohibition)?"," The Competition Act requires that the CCPC issue a determination in respect of all notified transactions.  \n At the end of Phase I, the CCPC will inform the notifying parties and any other third parties who have made submissions of its determination to either approve the transaction (unconditionally or subject to commitments if offered by the parties) or carry out a full Phase II investigation. \n At the end of Phase II, the CCPC will provide a written determination as to whether the transaction will be cleared, unconditionally or subject to conditions, or prohibited. The  CCPC will publish a notice setting out its final determination on its website. "]
["Can parties proactively offer commitments to the agency to remedy identified competition concerns?"," Yes. Parties may offer commitments to the CCPC in order to address any competition concerns that the CCPC is likely to raise. The Phase I review period of 30 working days is automatically extended to 45 working days if any of the notifying parties offer commitments.  If the CCPC issues an assessment after 40 working days of a Phase II review, the CCPC practice is that the parties can only offer commitment proposals at that stage if they do so before the expiry of 15 working days following the issue of the assessment. "]
["Describe the sanctions for not filing or filing an incorrect/incomplete notification."," The undertaking or person in control of an undertaking that has failed to notify the CCPC within the specified period or implemented a transaction prior to receiving a CCPC clearance decision is guilty of an offence commonly known as “gun-jumping”. \n The offence of “gun-jumping” was recently updated under the Competition (Amendment) Act 2022, such that the parties to a transaction will be guilty of a criminal offence where they have either: (i) implemented a notifiable merger or acquisition without first notifying the transaction to the CCPC ; or (ii) notified such a transaction but implemented it before the CCPC has issued a clearance decision authorising them to do so.  Parties can face a fine of up to €250,000 for “gun-jumping” as well as an additional daily fine of up to €25,000 in respect of each day that the offence continues. \n   "]
["Describe the penalties applicable to the implementation of a merger before clearance or of a prohibited merger."," The Competition (Amendment) Act 2022 introduced a new offence for substantive gun-jumping. Prior to the commencement of this legislation, it was an offence to fail to notify a transaction that met the jurisdictional thresholds. However, it is now also an offence to implement a notified or notifiable or called-in transaction before the  CCPC has issued a clearance decision authorising the transaction.  If the parties implement a notifiable merger prior to receipt of a clearance decision from the CCPC , it will be void and legally unenforceable under Irish law.   \n An undertaking or a person in control of the undertaking who authorised or permitted the contravention is guilty of an offence and liable to a fine of up to €3,000 on summary conviction or €250,000 on conviction on indictment. The Competition (Amendment) Act 2022 also provides for daily default fines of €300 on summary conviction and €25,000 on conviction on indictment. "]
["Can the agency review and/or challenge mergers that are not notifiable?"," Yes, the Competition (Amendment) Act 2022 empowered the CCPC to direct notification of “ below-threshold ” transactions, i.e., transactions that do not meet the mandatory notification thresholds.  The CCPC can exercise this power where it considers that the transaction may have “ an effect on competition in markets for goods or services in the State ”. \n Regardless of whether a transaction has been formally notified to the CCPC or “ called in ” by the CCPC as set out above, the CCPC has the power to take interim measures in respect of a transaction under review where it considers such measures appropriate due to the risk that the merger or acquisition may have an effect on competition in any markets for goods or services in the State.  Such interim measures may require the parties to refrain from taking steps towards implementing the transaction or to mitigate the impact of steps already taken towards implementation, and any failure to comply with interim measures may result in criminal prosecution and the same penalties as are set out above for “gun-jumping”. "]
["Describe the procedures if the agency wants to challenge an unnotified transaction."," If the CCPC learns of a proposed merger or acquisition that does not meet the thresholds for mandatory notification but which, in the CCPC ’s view, gives rise to competition concerns, the CCPC may contact the parties to inquire if they intend to notify the transaction voluntarily to the CCPC .  If the parties refuse to notify the transaction, the CCPC can choose to “call in” the transaction for review. \n \n The  CCPC must provide the parties with written notice that they are required to notify the transaction in question and specify the period by which they are required to submit the notification (to which the parties can request an extension if necessary); and \n The  CCPC must issue this written notice no later than 60 working days after the earliest of: (i) the date on which one of the parties publicly announces their intention to make a public bid; (ii) the date on which the CCPC becomes aware that the parties have entered into a binding agreement; or (iii) the date on which the transaction is put into effect. \n "]
["Describe, briefly, your assessment of the regulatory agency's current attitudes/activities, including enforcement trends and recent developments."," The Competition (Amendment) Act 2022 introduced significant reforms to the Irish merger control regime and substantially increased the powers of the CCPC . In particular, the CCPC ’s power to direct notification of “ below threshold ” transactions is a significant development. However, at the time of writing, this power has yet to be used by the  CCPC .  \n As regards merger control trends, the CCPC reviewed 82 merger notifications over the course of 2024, a 21% increase on the number of mergers notified in 2023. In 2024, merger notifications were received from a wide range of sectors, with professional services being the most prominent sector. This was followed by healthcare, and energy & utilities. Professional services were also the number one sector in terms of merger notifications in 2023. The  CCPC made 77 determinations in 2024, with 7 of these being cases carried over from 2023. The average number of working days to reach a Phase 1 determination in non-extended cases was 16.3, which represents a decrease from 2023. This decrease was largely driven by a significant increase in the proportion of mergers notified under the  CCPC ’s Simplified Procedure . 11 notifications required an extended Phase 1 investigation, and the  CCPC progressed eight Phase 2 investigations during the course of 2024. \n Prohibition decisions from the  CCPC are rare. However, the  CCPC blocked Dublin Airport Authority’s (“ DAA ”) proposed purchase of the site of the former QuickPark car park at Dublin Airport in March 2024.  The CCPC’s investigation found that the transaction would have substantially lessened competition in car parking serving Dublin Airport, as DAA would have controlled over 90% of the car parking spaces serving Dublin Airport. (see M/23/011 – DAA plc / Certain Assets of Mr Gerard Gannon - CCPC Business ) \n Finally, the CCPC also opened a public consultation on the proposed adoption of revised CCPC Guidelines for Merger Analysis in October 2024. The new Guidelines, once adopted, will set out the  CCPC ’s analytical framework and approach to conducting merger analysis. "]
["Other important/notable information:"," Media Mergers \n Although referenced above, it is worth providing further details of the ‘media merger’ regime in Ireland, which was introduced under the 2014 Act and is now set out in Part 3A of the Competition Act .  A ‘media merger’ is defined as: \n \n A merger or acquisition in which two or more of the undertakings involved carry on a media business in the State; or \n A merger or acquisition in which one or more of the undertakings involved carries on a media business in the State and one or more of the undertakings involved carries on a media business elsewhere. \n \n The Competition Act defines a ‘media business’ as follows: \n \n The publication of newspapers or periodicals consisting substantially of news and comment on current affairs, including the publication of such newspapers or periodicals on the internet; \n Transmitting, re-transmitting or relaying a broadcasting service; \n Providing any program material consisting substantially of news and comment on current affairs to a broadcasting service; or \n Making available on an electronic communications network any written, audiovisual or photographic material, consisting substantially of news and comment on current affairs, that is under the editorial control of the undertaking making available such material. \n \n An undertaking ‘carries on a media business in the State’ if (i) it has a physical presence in the State, including a registered office, subsidiary, branch, representative office or agency, and making sales to customers located in the State; or (ii) it made sales in the State of at least €2 million in the most recent financial year. \n In April 2024, the Department of Media introduced a simplified notification procedure for certain media mergers. The Simplified Media Merger Notification Procedure is intended to be used for the assessment of ‘non-Irish’ mergers. That is, mergers where the target of the transaction is not operating in the State and, thus, is unlikely to have an impact on the plurality of media in the State. The Department’s revised “Guidelines on Media Mergers” (which includes further information on the Simplified Media Merger Notification Procedure) are available here: https://assets.gov.ie/static/documents/media-merger-guidelines-2024.pdf \n Property Transactions \n Another notable feature of the Irish merger control regime is that the definition of a merger/acquisition under the Competition Act includes the acquisition of assets that constitute a business to which a turnover can be attributed. Irish merger control can therefore apply to transactions involving the sale of rented property where the relevant turnover thresholds are met. There have been numerous examples of property transactions being notified to the CCPC in recent years. \n RFIs to Third Parties \n In addition to their power to issue compulsory RFIs to notifying parties, since the commencement of the Competition (Amendment) Act 2022, the CCPC also has the power to issue compulsory RFIs to third parties whom they consider “ may have information relevant to the Commission’s consideration of the merger or acquisition ”. The same rights and obligations that apply to notifying parties in respect of the RFI process are relevant for these third parties, and the  CCPC can impose the same penalties for non-compliance on these third parties. "]