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.
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