Archive of month: September 2017

State aid control over tax rulings of EU member states – should multinationals be revisiting their tax rulings?

Introduction Criticism against the European Commission’s State aid decisions over tax arrangements intensified following the August 2016 decision on Apple. In that decision, the Commission found Ireland to have given Apple a benefit of approximately €13bn in illegal State aid through tax rulings.  The amount that Ireland is directed to recover from Apple in unpaid […]
Read More

Competition damages Directive transposed into Cyprus law

Directive 2014/104/EU of the European Parliament and of the Council of 26 November 2014 on certain rules governing actions for damages under national law for infringements of the competition law provisions of the Member States (the “Damages Directive“) has been transposed into Cyprus law. The Damages Directive sets out rules necessary to ensure that anyone who has […]
Read More