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.
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