31st January 2022 |
Bills
The Tánaiste and Minister for Enterprise, Trade and Employment Leo Varadkar TD today, 31 January 2022, published the Competition (Amendment) Bill 2022 to give more powers to the Competition and Consumer Protection Commission (CCPC) and the Commission for Communications Regulation (ComReg) to protect consumers and challenge anti-competitive practices by business.
For the first time in Irish law, breaches of competition law can be enforced through administrative actions taken by competition authorities, with maximum fines of up to €10 million or 10% of total worldwide turnover, whichever is the greater.
Topics:
Competition Law