Cyprus Competition Law Update: EU Commission Press release – Legislation to facilitate damage claims by victims of antitrust violations

European Commission Press release Brussels, 11 June 2013 Antitrust: Commission proposes legislation to facilitate damage claims by victims of antitrust violations The European Commission has adopted a proposal for a Directive on how citizens and companies can claim damages when they are victims of infringements of the EU antitrust rules, such as cartels and abuses…

Cyprus Competition Law Update: EU Commission proposals on damage claims related to violation of competition laws

On the 11th of June 2013, the European Commission published a proposal for a Directive facilitating claims for damages in national courts by victims of infringements of EU competition law.  Violations of infringements of EU competition law include anti-competitive agreements between competitors, such as a price-fixing cartel, and abuses by individual companies of their dominance in…

Cyprus Employment Law Update: Employees who fall ill whilst on annual leave must be allowed to take leave at a later date

A recent ruling in the Court of Justice of the European Union (CJEU) has clarified that, irrespective of whether the sickness commenced before or during the period of scheduled annual leave, an employee whose illness coincides with their annual leave is entitled to rearrange their annual leave to a later date. In Asociación Nacional de…

Cyprus Employment Law Update: Parental Leave and Leave on Grounds of Force Majeure Law

The Parental Leave and Leave on Grounds of Force Majeure Law, Law 47(I)/2012, came into force on the 18.05.2012 and repealed and replaced the previous legislation regarding parental leave and force majeure in Cyrpus. It was enacted for the purposes of harmonising Cyprus law with Council Directive 2010/18/EC on the revised framework agreement on parental…

Litigation Update: Proposed Reform of the Brussels Regulation

On 14.12.2010, following a consultation process, the European Commission published a draft revised (recast) Brussels Regulation. The key areas addressed in the Commission’s legislative proposal are as follows: New rules concerning third state (non-EU) matters and defendants The Brussels Regulation provides jurisdiction rules mainly with respect to defendants domiciled in the EU Member States. The Commission proposes to extend…

Tax Update: EU Commission requests Cyprus to modify excise duty rules for imported second-hand motorcycles

The European Commission has formally requested Cyprus to amend its legislation on depreciation scales for the calculation of excise duties on second-hand motorcycles because the current rules discriminate against imported motorcycles. Under current Cypriot legislation, owners of second-hand motorcycles have to pay an excise duty depending on the depreciation of these vehicles, i.e. their loss…

Competition Law Update: Unilever and Procter & Gamble fined by the European Commission for fixing soap powder prices

Following a three-year investigation by the European Commission, called “purity”, Unilever and Procter & Gamble have been fined a total of 315m euros for fixing washing powder prices in eight European countries between 2002 to 2005. The cartel covered Belgium, France, Germany, Greece, Italy, Portugal, Spain and the Netherlands. The investigation followed a tip-off by…