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.
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.
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Redfin Settles $9.2M Commission Inflation Lawsuits
May 7, 2024 by
CPI
DOJ Supports Colorado’s Efforts to Block Kroger-Albertsons Merger
May 7, 2024 by
CPI
Japan Considers Regulation of AI Developers
May 7, 2024 by
CPI
European Commission Extends Decision Deadline for Ita-Lufthansa Merger
May 7, 2024 by
CPI
UK, US and Australia Sanction Senior Leader of LockBit Cybercrime Gang
May 7, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI