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Cyprus has reduced the threshold for approving Schemes of Arrangement to simple majority, making them an attractive alternative to court sanctioned debt restructurings.    
In tandem with the legal position under English  law, albeit with certain structural variations which will be addressed in this article, fraudulent trading in Cyprus is both a civil and criminal concept ...
In the context of construction contracts, a performance bond may be described as a species of security which offers an effective legal and financial safeguard in the form of a guarantee which, at the ...
Whilst it is of crucial importance that a company’s Articles of Association (AA) and Shareholders’ Agreement (SHA) should be such as to ensure that their respective provisions are compatible, it would ...
The essence of this article is to afford due consideration to the legal ramifications of an assignment of rights (insofar as it relates to loan agreements), effected by an “original” lender to an “incoming” ...
The purpose of an entire agreement clause (EAC) is to convey in an unequivocal manner that the written contract in which it is incorporated, solely encompasses what has been agreed between the parties, ...
It is common knowledge that the franchise concept has come a long way from its inception in the mid nineteenth century after Isaac Singer, the inventor of the sewing machine, conceived what was then perceived ...
The revised EU Markets in Financial Instruments Directive, 2014/65/EU (MiFID II), within the context of the associated legislative provisions of the EU Markets in Financial Instruments Regulation No. ...
In July 2017, the Cyprus Parliament approved a legislative proposal amending Section 2 of the Income Tax Law (ITL) and introducing an additional provision for determining Cyprus tax residency for individuals. ...
After years of preparation and debate, the European Union Regulation on the Protection of Natural Persons with regard to the Processing of Personal Data and on the Free Movement of such Data (“General ...
Our firm has contributed the Cyprus Dispute Resolution Chapter for Getting the Deal Through. The Cyprus Chapter is available at: https://gettingthedealthrough.com/area/9/dispute-resolution-2017 Reproduced ...
Cyprus is considered as an important destination for foreign investors primarily because of its attractive tax regime. Further below we set out some important provisions of the local tax regime together ...
Our firm has contributed the Cyprus Chapter for Getting the Deal Through to Asset Recovery. The Cyprus Chapter is available at: https://gettingthedealthrough.com/area/53/jurisdiction/74/asset-recovery-cyprus/. ...
Our firm has contributed the Cyprus Chapter for Getting the Deal Through to Dispute Resolution. The Cyprus Chapter is available at: https://gettingthedealthrough.com/area/9/dispute-resolution/. The ...
The Scheme for Naturalisation of Investors in Cyprus by Exception has been amended with the decision of the Council of Ministers dated 13th of September 2016. The changes brought by the new scheme are ...
The new legislation on the leasing, N.72 (I) / 2016, which came into force on 28.04.2016, aims to regulate the provision of leasing services to the public, as well as the supervision of the leasing services ...
Law 144(I)/2015, which came into force last year, amended Cyprus partnership law (Cap. 116) by introducing partnerships limited by shares. A partnership limited by shares is, in essence, a hybrid between ...
On the 9th of April 2016, the Central Bank of Cyprus (hereinafter “CBC”) through an official announcement (hereinafter the “Announcement”) activated, to the relief of FBME’s Bank Ltd – Cyprus Branch ...
Our firm has contributed the Cyprus Chapter for the International Comparative Legal Guide to: Litigation & Dispute Resolution; published by Global Legal Group Ltd, London for the year 2016.
The Financial Ombudsman is an independent service empowered to settle disputes between financial institutions and their customers. The ombudsman’s office is designed to serve as an independent authority ...
The Limassol District Court rules that the “haircut” of banking deposits in Laiki Bank and Bank of Cyprus in March 2013, may not have been implemented correctly and grants interim injunctions to preserve ...
The New Foreclosure Law, which permits the commencement of the procedure for the foreclosure of immovable properties, affects not only the registered owners of immovable properties but also the buyers ...
Our firm has contributed the Cyprus Chapter for the International Comparative Legal Guide to: Data Protection, published by Global Legal Group Ltd, London for the year 2015.
Our firm has contributed the Cyprus Chapter for the Tax Treatment of Public Benefit Foundations and their donors to the European Foundation Centre. An extract of the chapter is available below and the ...