Comparative Guides
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Results: 4 Answers
Merger Control
5.
Remedies
5.1
Can the parties negotiate remedies to address any competition concerns identified? If so, what types of remedies may be accepted?
 
Cyprus
The Commission for the Protection of Competition (CPC) may negotiate remedies with the parties. The CPC can accept both structural and behavioural remedies aimed at addressing competition concerns upon assessing their adequacy on a case-by-case basis.

For more information about this answer please contact: Anastasios Antoniou from Antoniou McCollum & Co. LLC
5.2
What are the procedural steps for negotiating and submitting remedies? Can remedies be proposed at any time throughout the review process?
 
Cyprus
Before reaching its final decision and subject to the time limits provided by the Control of Concentrations Between Undertakings Law, the CPC may, if it considers it expedient to do so, enter into negotiations, hearings or discussions with any of the interested parties or other persons.

Where the CPC proceeds with a full investigation (Phase II), the undertakings concerned they may propose commitments in order to allay the CPC’s concerns as to the compatibility of the concentration with the requirements of the market. Any amendments and commitments proposed by the undertakings concerned shall be submitted to the CPC’s civil service within the deadline prescribed by the service and in accordance with statutory requirements.

Remedies must be reasonably necessary for the protection of the competitive market. If, following its review of the additional information, the CPC’s concerns as to compatibility have not been allayed, the service will commence negotiations with the undertakings concerned in respect of any modifications which may result in the elimination of such concerns.

For more information about this answer please contact: Anastasios Antoniou from Antoniou McCollum & Co. LLC
5.3
To what extent have remedies been imposed in foreign-to-foreign transactions?
 
Cyprus
No remedies have been imposed to date in foreign-to-foreign transactions.

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