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Cite as: [1999] IECA 559
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Curust Financial Service Limited/ Loewe-Lack-Werk Otto Loewe Gmbh & Co. K.G. [1999] IECA 559 (21st June, 1999)
COMPETITION
AUTHORITY
Competition
Authority Decision of 21 June 1999 relating to a proceeding under Section 4 of
the Competition Act, 1991
Notification
No CA/50/92E: Curust Financial Service Limited/ Loewe-Lack-Werk Otto Loewe Gmbh
& Co. K.G.
Decision
No. 559
Price £0.20
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Competition
Authority Decision of 21 June 1999 relating to a proceeding under Section 4 of
the Competition Act, 1991.
Notification
No CA/50/92E: Curust Financial Service Limited/ Loewe-Lack-Werk Otto Loewe Gmbh
& Co. K.G.
Decision
No. 559
Introduction
1.
Notification CA/50/92E was made by Curust on 30 September 1992 with a request
for a certificate under Section 4(4) of the Competition Act, 1991 or, in the
event of a refusal by the Competition Authority to grant a certificate, a
licence under Section 4(2) in respect of an exclusive distribution (and
manufacture) agreement between Curust Financial Service Limited and
Loewe-Lack-Werk Otto Loewe Gmbh & Co. K.G.
The
Decision
2.
The Competition Authority considers that, on the basis of the facts in its
possession, the exclusive distribution (and manufacture) agreement
(Notification No. CA/50/92E) between Curust Financial Service Limited and
Loewe-Lack-Werk Otto Loewe Gmbh & Co., K.G., has expired. The agreement in
question was in existence at the time the Competition Act, 1991 came into
force. The Authority has set out in Decision No. 527 its reasons for concluding
that where such an agreement has terminated, a decision to issue or not to
issue a certificate has no legal consequences and, by virtue of Section 7(3),
no licence can now be awarded for the period during which the agreements
operated. The Authority has, therefore, decided to close the files without
considering whether or not the agreements merit a certificate or licence.
For
the Competition Authority,
Professor
Patrick McNutt
Chairperson
21
June 1999
© 1999 Irish Competition Authority