Being ranked as a Leading Cyprus Law Firm and acclaimed for our ‘extensive expertise‘ and ‘solid reputation‘ by the Legal 500, IFLR1000 and other legal rankings and eminent directories, we regularly render our legal services to a number of multinational companies that engage in concentrations that need to be notified to the Cyprus Commission for the Protection of Competition. Our Firm renders its legal services towards:
- Advising on whether a merger, acquisition or joint venture must be notified to the Cyprus competition authority and/or the European Commission;
- Preparing, drafting and submitting Notifications of Concentrations relating to mergers, acquisitions and joint ventures to the Cyprus competition authority and/or the European Commission;
- Advising on the Cyprus law aspects of regional and/or international mergers, acquisitions and joint ventures and formulating legal strategies that pursue and achieve clearance of concentrations;
- Handling the full process of interacting with the competent authorities, dealing with their requests and securing clearance of a concentration;
- Advising on Phase II investigations and handling the full process of interaction with the Cyprus competition authority in that regard;
- Conducting hearings before the Cyprus competition authority with respect to merger notifications.
We maintain an ever expanding merger control practice that strives to achieve full and prompt clearance of concentrations carried out by our clients, which include Glencore, Western Union, CGG-Veritas, Henkel, the Czech Republic, Marathon Oil, PwC, Tiande, Travelex, Petroleum Geo-Services (PGS), Salvatore Ferragamo, International Lease Finance Corporation (ILFC) and other multinational corporations and governments.
Mergers and joint ventures may raise substantial competition issues and concerns particularly if they result in the obtaining or strengthening of a position of market power. The duty of competition authorities is to identify and prevent those mergers that have such an adverse consequence upon competition or society that any benefits resulting from them are outweighed or should be ignored. Thus, although mergers have important advantages, the key to effective merger control is to identify why and when a merger should be prohibited.