Business risks

Australian companies are advised to spend time investigating the market, obtain professional advice where appropriate and thoroughly investigate the issues in entering the market and before establishing business relationships.

Australian firms wishing to operate in this market should commit to the highest level of corporate behaviour and familiarise themselves with Australia's laws and penalties pertaining to bribery of foreign officials.

Bribery of foreign public officials is a crime. Australian individuals and companies can be prosecuted in Australia for bribing foreign officials when overseas. Further information on the regulations governing bribery of foreign public officials is available.

For further information on frauds, scams, personal and asset security, intellectual property protection and other business risks please read more about legal issues.

Intellectual property protection

In Ireland, patents and trademarks are administered by the Irish Patents Office. The Madrid International Trademark System (WIPO) and Office for Harmonisation in the Internal Market (OIHM) also covers IP protection for Europe and includes Ireland.

Dispute resolution

Ireland has a common law system and laws governing commercial relationships are broadly harmonised to comply with European Union (EU) legislation.

Commercial disputes are commonly settled by mediation or by arbitration, as laid down in the Arbitration Act 2010. Litigation can also be pursued in the High Court, known as the Commercial Court.

Companies involved in negotiating an international sales contract or international commercial disputes should seek appropriate legal advice in Australia or overseas.