Comparative Guides
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Results: 4 Answers
Merger Control
1.
Legal and enforcement framework
1.1
Which legislative and regulatory provisions govern merger control in your jurisdiction?
 
Cyprus
The Control of Concentrations Between Undertakings Law (83(I)/2014) is the statute that regulates the control of concentrations between undertakings in Cyprus.

For more information about this answer please contact: Anastasios Antoniou from Antoniou McCollum & Co. LLC
1.2
Do any special regimes apply in specific sectors (eg, national security, essential public services)?
 
Cyprus
The minister of energy, commerce and industry may declare a concentration as being of major public interest with regard to the effects it might have on public security, media pluralism or the principles of sound administration.

For more information about this answer please contact: Anastasios Antoniou from Antoniou McCollum & Co. LLC
1.3
Which body is responsible for enforcing the merger control regime? What powers does it have?
 
Cyprus
Enforcement of the Control of Concentrations Between Undertakings Law rests with the Commission for the Protection of Competition (CPC). The CPC has overall responsibility for implementing the law and is the competent authority for the control of concentrations.

The CPC is empowered under the law to declare a concentration as compatible or incompatible with the functioning of competition in the market. The investigation and procedural aspects relating to notifications of concentrations are performed by the CPC’s civil service.

For more information about this answer please contact: Anastasios Antoniou from Antoniou McCollum & Co. LLC