The Supreme Court of Cyprus confirms the €31 Million imposed by the Commission for the Protection of Competition on nine commercial banks for anticompetitive practices (JCC)

On 27/01/2016 the Cyprus Commission for the Protection of Competition (“CPC”) ended its investigation against eight commercial banks (Bank of Cyprus Public Company Ltd (“BOC”), Marfin Popular Bank Public Co Ltd (“Marfin”), Hellenic Bank Ltd (“Hellenic Bank”), Alpha Bank Cyprus Ltd (“Alpha Bank”), National Bank of Greece (Cyprus) Ltd (“National Bank”), Emporiki Bank Cyprus Ltd (“Emporiki”), Societe Generale Cyprus Ltd (“Societe Generale”) and USB Bank Ltd (“USB Bank”)) and a card processing company, namely, JCC Payment Systems Ltd (“JCC”), for the existence of possible anticompetitive collusion and abuse of dominance practices in violation of national competition law, in particular Sections 3 and 6 of Law 13(I)/2008 (the “Law”), as amended by the Protection of Competition (Amending) Law 41(I)/2014, and

Access to this article is restricted to subscribers

Already Subscribed? Sign-in

Access to this article is restricted to subscribers.

Read one article for free

Sign-up to read this article for free and discover our services.

 

PDF Version

Authors

Quotation

Panayiotis Agisilaou, Stephanie Theodotou, The Supreme Court of Cyprus confirms the €31 Million imposed by the Commission for the Protection of Competition on nine commercial banks for anticompetitive practices (JCC), 3 March 2017, e-Competitions Bulletin March 2017, Art. N° 84369

Visites 208

All issues

  • Latest News issue 
  • All News issues
  • Latest Special issue 
  • All Special issues