The following Competition guidance note Produced in partnership with Elias Neocleous & Co LLC provides comprehensive and up to date legal information covering:
A conversation with Ramona Livera, advocate and senior associate at Cypriot law firm Elias Neocleous & Co LLC, on key issues on merger control in Cyprus.
NOTE—to see whether notification thresholds in Cyprus and throughout the world are met, see Where to Notify.
Since the enactment in June 2014 of 'The Control of Concentrations between Undertakings Law of 2014'. (Merger Control Law) there have been no further developments regarding the Cypriot merger control regime. The Merger Control Law better reflects the provisions of the EU Merger Regulation and in particular it introduced a new definition of a concentration so that one of the criteria for establishing whether a concentration is notifiable is the existence of two or more active participating undertakings in Cyprus.
The new thresholds contained in the Merger Control Law, which require at least two of the participating undertakings in a concentration to generate a turnover within the Republic of Cyprus in order for it to be notifiable to the Commission for the Protection of Competition (CPC), have had the desired effect of reducing the number of foreign to foreign transactions being notified.
No further developments are planned
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