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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)

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