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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 ...
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 2015.
Our firm has contributed the Cyprus Chapter for the International Comparative Legal Guide to: Mergers & Acquisitions; published by Global Legal Group Ltd, London for the year 2015.
Our firm has contributed the Cyprus Chapter on Arbitration for “Getting the Deal Through” for the year 2015.
On 11 December 2013, a tribunal of the International Centre for Settlement of Investment Disputes (“ICSID”) held that Romania had breached the fair and equitable treatment standard of the Sweden-Romania ...
Cyprus is considered as an important destination for foreign investors and business people mostly due to its well established legal system which is based on common law, favourable tax regime, membership ...
The London Court of International Arbitration (“LCIA”), one of the world’s leading arbitral institutions, has recently published its new Arbitration Rules which will govern LCIA arbitrations commenced ...
Overruling its previous decision in Stelios Shiammas v Cyprus Popular Bank (2007), recently, the Supreme Court of Cyprus in Bank of Cyprus plc case (2011) decided, amongst others, that in the event of ...
Questions and answers on various issues in relation to foundations and charitable institutions including, amongst others, on the legal types of foundations, the purposes which can be pursued by foundations, ...