Cyprus - Andreas Neocleous & Co
Cyprus - Andreas Neocleous & Co
Cyprus - Andreas Neocleous & Co
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CYPRUS<br />
CYP/41<br />
The Inscription of the Sale Price and the Unitary Price of Products Law, Number<br />
112(I) of 2000 establishes provisions for providing consumers with information<br />
and enabling them to compare prices of products. Any trader who sells or<br />
displays products for sale to consumers is obliged to ensure that customers are<br />
informed of the selling price and the price per unit. These must be distinctly and<br />
legibly inscribed on the products themselves, on their packaging or on the<br />
shelves, and displayed in such a way as not to confuse the consumer.<br />
A trader who fails to comply with these requirements will be subject on<br />
conviction to imprisonment not exceeding six months, a fine not exceeding<br />
€1,732 or both. In the event of a second or subsequent conviction, the trader is<br />
subject to imprisonment not exceeding one year, a fine not exceeding €3,463 or<br />
both.<br />
Distributorship<br />
There are no statutory provisions governing distributorship relationships and,<br />
often, the legislation does not make any distinction between agent and<br />
distributor. Therefore, the principles discussed in the previous part of this<br />
chapter as regards agents would prima facie apply to distributors.<br />
(Release 2 – 2013)