CCPC opens consultation on Settlement Procedures

                        	

August 12, 2024

                        	

The Competition and Consumer Protection Commission (CCPC) has opened a public consultation on a proposed procedure for agreeing settlements in competition law investigations. Interested parties are invited to share their views.


The Competition (Amendment) Act 2022, which came into operation last year, expanded the CCPC’s power to enforce EU and Irish competition law and introduced several changes to how competition law is enforced in Ireland. This included empowering the CCPC to fine businesses who are found to have breached competition law.


The Settlement Procedure outlines the CCPC’s proposed approach to entering into discussions and agreeing a settlement with parties under investigation for a suspected breached of competition law.


For more information read the Consultation on Settlement Procedure.


The consultation will run until 5pm, Friday 20 September 2024.


Information on previous consultations is available at Competition law developments in 2022.


The finalised policies are available at CCPC Competition Law.


 
		

                  

                				
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CCPC Seeks Input on Competition Law Settlement Procedures

The Competition and Consumer Protection Commission (CCPC) in Ireland has launched a public consultation on a proposed settlement procedure for competition law investigations. This initiative follows the enactment of the Competition (Amendment) Act 2022, which granted the CCPC expanded enforcement powers in enforcing EU and Irish competition laws, including the ability to impose fines on violators.

 The Settlement Procedure outlines the CCPC's intended approach to engaging in discussions and reaching settlements with parties suspected of breaching competition law. Interested stakeholders are encouraged to provide their feedback on this proposed process by the deadline of 20 September 2024.

 More details on the consultation and related developments in competition law enforcement in 2022 can be found on the CCPC's website.



CCPC Seeks Input on Competition Law Settlement Procedures

The CCPC is seeking feedback on a new procedure for settling competition law investigations, allowing parties under investigation to reach agreements with the authority.