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ARTICLE · 08 NOVEMBER 2006

Mergers Control

Elias Neocleous & Co LLC
Elias Neocleous & Co LLC
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Elias Neocleous & Co LLC

Elias Neocleous & Co LLC

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The main legislation in the area of mergers control in Cyprus is the Control of Concentrations between Enterprises Law 22(I) of 1999 (the Control of Concentrations Law).

CyprusCorporate/Commercial Law
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The main legislation in the area of mergers control in Cyprus is the Control of Concentrations between Enterprises Law 22(I) of 1999 ("the Control of Concentrations Law"). The Control of Concentrations Law provides for the scrutiny and control of proposed concentrations between enterprises in order to protect effective competition. It applies to all concentrations of major importance, as defined below.

Outline of the law and the approval procedure

The bodies involved in the notification and evaluation procedure are the Commission for the Protection of Competition ("CPC"), the Competition and Consumer Protection Service of the Ministry of Commerce, Industry and Tourism ("the Competition Service") and the Minister of Commerce, Industry and Tourism. However, the CPC may act whenever it receives information that it considers relevant.

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