Cyprus has enacted a new competition framework, which introduces additional powers for the Cyprus Commission for the Protection of Competition (the CPC). The new legislation consolidates previous statutes regulating collusive conduct, abuses of dominance and abuses of relationships of economic dependence. The new legislation enhances the safeguards of the CPC’s independence and competence, as it transposes Directive (EU) 2019/1 into Cyprus law (Directive (EU) 2019/1 of the European Parliament and of the Council of 11 December 2018 to empower the competition authorities of the Member States to be more effective enforcers and to ensure the proper functioning of the internal market). We set out below some of the key
The Cypriot Parliament enacts a new competition framework that enhances the Competition Authority’s regulatory powers and transposes the ECN+ Directive into national legislation
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