EC acts against Cyprus

The European Commission has decided to pursue infringement procedures against Cyprus, Luxembourg, Sweden and Portugal to ensure full and correct implementation of certain Internal Market Directives.

The Commission has formally requested Cyprus to complete its implementation of five company law Directives. These requests take the form of “reasoned opinions”, the second stage of the infringement procedure laid down in Article 226 of the EC Treaty. If there is no satisfactory reply within two months, the Commission may refer the matter to the European Court of Justice.