An immunity and leniency programme has been put in force in Cyprus, providing for the procedures entailed in applying to the CPC for immunity from fines or reduction of fines in cartel cases. The programme, which takes the form of subisidiary legislation Issued prusuant to the provisions of the Law by a relevant Decision of [...]
ANASTASIOS ANTONIOU LLC (“the Firm”), acting for THE WESTERN UNION COMPANY, has successfully filed and pursued the notification and obtained clearance of the concentration involving the acquisition by The Western Union Company of the international payments business operated by TRAVELEX. The Decision of the Cyprus Commission for the Protection of Competition was handed down on [...]
A German court has granted Apple a preliminary injunction in the patent infringeent lawsuit, blocking the sale of Samsung’s Galaxy Tab 10.1 across Europe except the Netherlands. Apple has accused Samsung’s Galaxy range of smartphones and tablet computers of “slavishly” copying the design and functionality of its popular iPhone and iPad lines. The injunction is [...]
U.S. airlines stepped up their campaign against European Union climate policy on Tuesday, challenging the EU in the ECJ over the right to regulate their greenhouse gas emissions. The EU aims to lead the world in fighting climate change, and says it needs to put a price on carbon dioxide emissions to guard against future [...]
THE SUPREME Court has unanimously overturned a decision by the Competition Commission (CPC) to fine four fuel companies close to €43 million for collusion, after finding that the CPC’s chairman had been appointed illegally. In September 2009, the CPC fined Petrolina, Lukoil, Exxon Mobile and Hellenic Petroleum (EKO) €42.9 million for “concerted practice,” a term [...]
The second licence for the operation of the digital television platform in Cyprus was earlier today awarded to Velister Ltd, a joint venture company formed by the private broadcasters of Cyprus. It took 16 rounds for the second licence to be eventually awarded to Velister. Runner up LRG withthdrew its interest at 9 million euro, [...]
The air transport market of Cyprus is about to see the entry of a new competitor, Ryanair. Following negotiations with Hermes Airports, the Cypriot Government and the Cyprus Tourism Organisation, Ryanair has decided to commence the operation of air connections from Cyprus to mainland Europe.
On July 20th 2010, the European Commission has concluded its first settlement of a cartel case in a hybrid scenario, where both the settlement and ordinary procedures were followed. It has fined producers of animal feed phosphates a total of €175 647 000 for operating a cartel that lasted over thirty years. Animal feed phosphates [...]
The proposed statute shall establish a Cypriot Betting Authority to regulate the gambling industry, which shall accept, review and decide over applications for relevant licences and permits
The European Commission adopted yesterday a new Regulation that ‘block exempts’ distribution and supply agreements at different levels of the production and distribution chain. The existing Vertical Restraints Block Exemption Regulation (VRBER) and accompanying Guidelines were 10 years old. The Regulation and accompanying Guidelines take into account the development, in the last 10 years, of [...]
Recent Comments