Seanad debates
Wednesday, 14 December 2005
Competition (Amendment) Bill 2005: Committee and Remaining Stages.
12:00 pm
Terry Leyden (Fianna Fail)
Returning to the amendment, with regard to the question of dominance in the market, legal precedent established by the European Court of Justice requires that to be considered dominant, an undertaking must possess an economic strength which enables it to prevent effective competition being maintained on the relevant market by affording it the power to behave to an appreciable extent independently of its competitors, customers and ultimately of its consumers.
Nobody is in that position in this market. The report was excellent and well researched. Over 500 submissions were made. It is interesting that out of 166 Deputies in the Dáil, two made submissions.
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