Insights: Cyprus Company Law – Protecting Minority/Oppressed Shareholders rights

Commercial, Company, Litigation

1.    Introduction Cyprus Company Law is based on the principle of the majority rule. Consequently Cyprus courts will not generally interfere in the internal management of companies. However, in cases where shareholders become oppressed by the controlling or majority shareholders or even the board of a Company, minority or oppressed shareholders can seek redress and…

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

Competition, European Union Law

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…