The Commission for the Protection of Competition in Cyprus fines a car manufacturer and its local distributor for a vertical agreement regarding spare parts (CIC-Daimler)

The Commission for the Protection of Competition in Cyprus (Commission) has issued its decision on the CIC-Daimler AG case, imposing a record aggregate fine of €20.7 million on Cyprus Import Corporation Ltd and Daimler AG, on grounds related to infringements of Article 3(1)(b) of the Protection of Competition Laws of 2008 and 2014 (PCL) and the corresponding Article 101(1)b of the Treaty on the Functioning of the European Union (TFEU). The fine was imposed in the context of examining a complained issued by Harris Kyriakides LLC on behalf of Chr. Kapodistrias & Sons Ltd and Kyros Auto Service Ltd, local companies which operate in the business of vehicle spare parts. The Commission, after an evaluation of the evidence and submissions of the parties, unanimously concluded that the

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

Author

Quotation

Michalis Kyriakides, The Commission for the Protection of Competition in Cyprus fines a car manufacturer and its local distributor for a vertical agreement regarding spare parts (CIC-Daimler), 23 April 2015, e-Competitions Bulletin April 2015, Art. N° 74234

Visites 211

All issues

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