We are delighted to have contributed the Cyprus chapter to the 9th edition of the Merger Control Review, which discusses all aspects of Cyprus merger control. The book, part of the Law Reviews series, provides an overview of the process in a number of jurisdictions globally, as well as a discussion of recent decisions, strategic […]
Margrethe Vestager has made it clear that the European Commission is looking into potential competition issues arising from big data. Whether tech giants and other big data collectors should brace themselves for the next big showdown with the EU’s competition regulator remains to be seen. However, it is never too early to consider precisely what the competition issues are […]
The European Court of Justice (ECJ) ruled in Austria Asphalt v Bundeskartellanwalt (Case C-248/16) that when there is a change in the type of control over an existing undertaking from sole to joint control, the criterion of a concentration within the meaning of the EU Merger Regulation (EUMR) is only fulfilled when the arising joint […]
Cartels in Cyprus are addressed by the Protection of Competition Law 13(I)/2008, as amended by Law 41(I)/2014 (the ‘Competition Law’). The Commission for the Protection of Competition (the ‘CPC’) is the competent implementing authority. On establishing infringements of the Competition Law, the CPC can impose administrative fines of up to 10% of the combined annual […]
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 […]