CICRA hosts competition law breakfast briefing for Guernsey businesses

The Channel Islands Competition and Regulatory Authorities (CICRA), with the Guernsey Commercial Bar Association, have invited Guernsey’s business community to take part in a breakfast briefing on the new Guernsey competition law, due to be introduced on 1 August.

The new law will prohibit certain anti-competitive agreements and the abuse of a dominant position in a market and will create new rules for the approval of certain mergers and acquisitions.

CICRA Chief Executive designate, Andrew Riseley (pictured), Deputy Chief Executive designate, Michael Byrne, and Head of Finance and Operations, Louise Read, will address a number of key issues that affect businesses in relation to the new law including: the purpose of competition law and to whom the law will apply, the three pillars of competition law, complaints, investigations and remedies, and sources of further information. Guernsey Commercial Bar Association chairman Tom Carey will explain some of the practicalities of dealing with the new law.

Mr Riseley said: “The competition law will have implications for businesses in many different sectors of Guernsey’s economy. It is crucial that businesses and their advisors understand what the new law may mean for them.

“The seminar will also look at CICRA’s experience of enforcing the competition law in Jersey since 2005 and will explain the changes that have been made to the law there so that it is better-suited to small island communities.”

The seminar takes place in the Dorey Room, St James Concert Hall, on Friday 29 June at 8.00am for a 08.15am start and will finish by 9.30am.

To reserve a place at the seminar place contact Lisa White at Lisa.White@cicra.gg

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