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The Competition Authority has given clearance to the proposed acquisition of RHM Plc by Premier Foods. During its Phase 1 investigation the Authority identified competition concerns and the parties submitted proposals to alleviate these concerns which satisfied the Authority. On 3 April the Authority published a non-confidential version of its determination.
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Tuesday, June 19, 2007 - 12:20
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The Competition Authority has published its report on Competition in the Private Health Insurance Market following a request by the Minister for Health and Children in December 2005 to report on ‘further measures to encourage competition in the health insurance market and the strategy or strategies which might be adopted in order to create greater balance in the share of the market held by competing insurers’.
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The Director of Corporate Enforcement has published Guidance on Audit Committees on the scope of new legal provisions on audit committees in Irish company law. The Director has now requested the Minister for Trade and Commerce to implement the relevant provisions of the Companies (Auditing and Accounting) Act, 2003 which deal with the operation of audit committees.
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The Law Reform Commission has recommended that the privity of contract rule be amended, with certain limitations. Privity of contract essentially means that only the people who actually negotiated a contract (who are ‘privy’ to it) are entitled to enforce its terms. Even if a person is mentioned in a contract and the contract was intentionally for their benefit, this ‘third party’ cannot sue.
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The Law Reform Commission’s report makes recommendations for reform of the law concerning co-habitants, defined as opposite or same-sex couples who live together in an intimate relationship and who are not related to each other. Working on the assumption that some form of civil partnership for same-sex couples is likely to be introduced in the near future, the recommendations deal with co-habitants who do not register their relationship and conclude that this group of people should be considered separately in any reform of the law.
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