An Introduction To Merger Control In Cyprus

Merger control is a cornerstone of competition law, referring to the regulatory assessment process by competent authorities to ensure that proposed mergers and acquisitions which exceed the thresholds provided under the law, do not substantially lessen competition in the relevant market. In Cyprus, merger control is governed by the Control of Concentrations Between Undertakings Law (L.83(I)/2014) (the "Law") and is enforced by the Commission for the Protection of Competition ("CPC").

This article provides an overview of the notifications submitted in Cyprus, the role of the CPC, and the key legal requirements to be considered when businesses engage in major transactions such as mergers and acquisitions.