The District Court of Nicosia accepted a request to offer directions, in the form of clarifications, on the ambit of a freezing order, which was previously issued by the Court.
Recent developments, sanctions and capital controls have disrupted finance arrangements and bond issuance going through Cyprus, with many innocent parties getting caught in the crossfire.
Establishing and maintaining adequate substance in Cyprus is considered an important aspec to minimizing the risk of denial of double tax treaties and of potential challenges from foreign tax authorities. ...
