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Search News and Articles
Competition Law in Cyprus - 2010
Competition Law in Cyprus is changing dramatically in order to tackle the fight against cartels, possibly the most serious form of competition law violation. Alterations in Cyprus are incorporating the changes in EC Competition Law.
Burly and hostile reactions, by competition enforcement authorities, have commenced against cartels as they are generally considered to be the most serious form of competition law violation. Even the adoption of competition laws with tough sanctions has not been sufficient to suppress cartel activity. Cartels appear to be alive and kicking throughout the world. In the European Union (EU) Mario Monti, the former Commissioner for Competition, once described cartels as ‘cancers on the open market economy’ and the Supreme Court in the United States (US) has referred to cartels as ‘the supreme evil of antitrust’. Uncovering and prosecuting cartels in Europe has become a major precedence of the European Commission (EC). Read more...
The calibre of our lawyers and their dedication to provide clients with the best possible and cost effective service has helped the firm grow drastically in recent years. With a team of over 20 lawyers our firm is now one of the largest in Cyprus.