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Y. Georgiades & Associates Llc Joins Dentons’ Nextlaw Referral Network

by THEFUTURE.TEAM

June 13, 2024

The Y. Georgiades & Associates announced that it has joined Dentons’ Nextlaw Referral Network, enabling it to connect its clients to high-quality lawyers around the world. Nextlaw Referral Network is the largest legal referral network in the world, with more than 750 member firms and 36,000 lawyers across 200+ countries.

The managing partner Mr Yiannos Georgiades said, “By joining Nextlaw Referral Network, we can now provide our clients with the best of all worlds by continuing to serve them where we currently have offices, while also being able to direct them to top-tier lawyers in other jurisdictions where they need legal counsel and business advice. We can build on our trusted relationships with our clients by putting the full resources of the global, legal powerhouse at their disposal.”

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Aleksandra Pimenides, Director of Member Services at Nextlaw Referral Network said, “We’re proud to have Y. Georgiades & Associates LLC as part of our network. We’re only as good as the quality of our member firms and Y. Georgiades & Associates LLC makes us stronger and better able to meet the needs of our other members’ clients in Europe and on a more international level.”

Nextlaw Referral Network was created by Dentons, the largest law firm in the world. The network, which is free to join, employs a detailed screening system to guarantee the quality of its member firms and has developed proprietary technology to allow members to identify lawyers at other member firms with the appropriate experience where clients need legal counsel.

Y. Georgiades & Associates LLC is recognized for its commitment to delivering high-quality legal services, driven by a passion for justice and a deep understanding of our clients’ needs. The firm stands by its clients, representing individuals, businesses, and corporations across a spectrum of industries. They provide robust and reliable legal counsel, making them a trusted advisor in Cyprus and beyond.

Y. Georgiades & Associates LLC champions innovative tech startups and investors, strengthening the ecosystem by establishing private equity and VC funds focused on technology. The firm ensures robust IP protection through patent and trademark registration, due diligence, and essential agreements while offering comprehensive tax, regulatory, and compliance advice and strong dispute representation.

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Competition Authority Launches Comprehensive Review of ExxonMobil Cyprus Acquisition

by THEFUTURE.TEAM

September 16, 2025

Investigation Initiated Over Strategic Acquisition

The Competition Protection Authority has commenced a thorough investigation into the acquisition of ExxonMobil Cyprus Limited’s share capital by Petrolina Holdings Public Ltd through Med Energywise Ltd. This inquiry was formally initiated following a session held on 10 September 2025, after an in-depth review of the pertinent report by the Authority’s Service.

Concerns Over Market Compatibility

Authorities have expressed serious concerns regarding the compatibility of the transaction with established competitive practices. The review indicates that the acquisition may affect several critical petroleum markets, both horizontally and vertically, thereby raising the potential for adverse impacts on market dynamics.

Horizontal Market Dynamics

On the horizontal front, potential effects have been identified in the import market for petroleum products, as well as in both wholesale and retail distribution channels of these products. The consolidation is believed to increase the risk of price rises and coordinated actions, given the direct competitive proximity between Petrolina and ExxonMobil.

Vertical and Adjacent Market Implications

Vertical aspects of the merger are also under close scrutiny. The new entity could restrict competitors’ access to critical infrastructure such as storage facilities, supply channels, and customer bases. These restrictions could further affect the onshore distribution of fuels, the wholesale market for lubricants, and specialized technical services connected with fuel station operations.

Local Market Considerations

Particular attention is being paid to the potential concentration in the retail fuel market. The investigation suggests that a reduced competitive landscape within a four-kilometer radius of the companies’ fuel stations could lead to diminished local competition, adversely impacting consumer prices and options.

Next Steps and Industry Impact

The Competition Protection Authority, which reached a unanimous decision to pursue a full investigation, remains open to submissions from parties that might be affected by this transaction, as mandated by current legislation. A final decision is expected within four months upon receipt of all necessary evidence, potentially setting a significant precedent for future market consolidation cases in the energy sector.