The Cyprus Commission for the Protection of Competition imposes a fine of 750,000 Euro and behavioural remedies on an airport company (Hermes Airports)

1. Background In its decision dated 23/6/2015 the Cypriot Commission for the Protection of Competition (the “CPC”) held that the operator of the Larnaca and Paphos international Airports in Cyprus, Hermes Airports Ltd, (hereafter referred as “Hermes”) violated Section 6(1)(a) of the Cyprus Law on the Protection of Competition 13 (I) 2008 (“the Law”) and the corresponding provisions of Article 102 of the Treaty on the Functioning of the European Union (“TFEU”). The CPC found that Hermes violated the competition rules by imposing unfair terms in the overall treatment of the car rental companies that wished to offer services at the Hermes-operated airports. Hermes is a private limited company jointly owned by 9 shareholders and operates exclusively in the sector of development and operating

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Assimakis Komninos, Polyvios Panayides, The Cyprus Commission for the Protection of Competition imposes a fine of 750,000 Euro and behavioural remedies on an airport company (Hermes Airports), 23 June 2015, e-Competitions Bulletin June 2015, Art. N° 75466

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