The Protection of Competition Law of 2022 (hereby the ‘’Law’’), constitutes the most recent legislation adopted in Cyprus on Competition Law matters, repealing the Protection of Competition Laws of 2008 and 2014.
The Law entered into force on the 23rd February 2022 and it transposes and harmonises Cyprus Law with Directive (EU) 2019/1 of the European Parliament and of the Council of December 2018 to empower the competition authorities of the Member States to be more effective enforcers and to ensure the proper functioning of the internal market (known as ''ECN+ Directive'').
The new framework introduces procedural changes, aiming to strengthen the powers and competencies of the Cyprus Commission for the Protection of Competition (hereby the ‘’Commission’’).
Therefore, additions to the legal framework concern the:
As regards the prohibited practices:
the new legal framework largely preserves the provisions of the previous law.
The content of this article is valid as at the date of its first publication. It is intended to provide a general guide to the subject matter and does not constitute legal advice. We recommend that you seek professional advice on your specific matter before acting on any information provided. For further information or advice, please contact Christina Tifa, Associate, Limassol Office on Tel. +357 25363685 or at firstname.lastname@example.org