A PYMNTS Company

UK: Irish subsidiaries warned of increase in “dawn raids” post Brexit

By  |  February 19, 2019

Dawn raids on Irish subsidiaries of UK companies are expected to increase significantly in the wake of Brexit, as European Commission cartel investigations are barred from enforcement activity on British soil, The Irish Times Reported.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Dr Vincent Power, a specialist in European competition law at A&L Goodbody solicitors, has said raids might take place in Ireland in cases relating to suspected illegal behaviour in UK affiliates and that staff may not know why they are being targeted.

    “[If] you can’t get into your neighbour’s back garden you go to your other neighbour’s back garden, you get a ladder and you look over the wall,” Dr Power said.

    With an increased frequency of corporate “dawn raids” in recent years, hundreds of Irish-based companies now prepare for such an eventuality, although the number of those who are anticipating raids due to UK ties specifically is thought to be far fewer.

    Full Content: Irish Times

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.