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Cyprus Litigation Chapter for ICLG

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.

Practice Area(s) Dispute Resolution

Financial Ombudsman

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 ...

Practice Area(s) Banking and Finance

Landmark decision on the “haircut” of bank deposits

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 ...

Practice Area(s) Banking and Finance,  Dispute Resolution

Protection of "enclaved" buyers

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 ...

Practice Area(s) Real Estate

Cyprus Data Protection Chapter

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.

Practice Area(s) Data Protection

Tax Chapter for Public-Benefit Foundations

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 ...

Practice Area(s) Private Client

Dispute Resolution Chapter for ICLG

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.

Practice Area(s) Dispute Resolution

ICLG - Cyprus Chapter on Mergers & Acquisitions

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.

Practice Area(s) Corporate and M&A

Arbitration Chapter for Cyprus

Our firm has contributed the Cyprus Chapter on Arbitration for “Getting the Deal Through” for the year 2015.

Practice Area(s) Dispute Resolution

Award for Alleged Violation of State Aid Rules

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 ...

Practice Area(s) Dispute Resolution

Cyprus: a premier holding, finance and trading jurisdiction

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 ...

Practice Area(s) Shipping, Admiralty and Marine Insurance,  Real Estate,  Private Client,  Data Protection,  Corporate and M&A,  Banking and Finance,  Dispute Resolution

London Court of International Arbitration (LCIA) Rules

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 ...

Practice Area(s) Dispute Resolution

New Developments in the Areas of Guarantees

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 ...

Practice Area(s) Banking and Finance

Questionnaire on Foundations & Charitable Institutions

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, ...

Practice Area(s) Private Client,  Corporate and M&A

The First Investor-State Dispute Against Iran

The first investment arbitration against the Islamic Republic of Iran was put to rest on 15 October 2014 by an arbitral tribunal operating under the United Nations Commission on International Trade Law ...

Practice Area(s) Dispute Resolution

FBME takes Cyprus to ICC Arbitration

In August 2014, the shareholders of FBME Bank filed a request for international arbitration against the Republic of Cyprus at the International Chamber of Commerce (ICC). FBME Bank was established in ...

Practice Area(s) Dispute Resolution

Acquiring a Permanent Residence Permit in Cyprus

An accelerated and simplified procedure for granting Immigration Permits to third country nationals that intend to invest in Cyprus is now available, following certain amendments to the legislation.

Practice Area(s) Private Client

The Largest International Arbitration Award - Yukos vs Russia

On 18 July 2014, a United Nations Commission on International Trade Law (UNCITRAL) arbitral tribunal seated in The Hague under the auspices of the Permanent Court of Arbitration (PCA) rendered in Hulley ...

Practice Area(s) Dispute Resolution

Domestic and International Arbitration in Cyprus

Arbitration proceedings, both domestic and international, are becoming increasingly popular in Cyprus. This is not surprising, as Cyprus was and continues to be a well established international business ...

Practice Area(s) Dispute Resolution

Complying with data protection legislation

Data protection legislation, which is considered an important component of EU privacy and human rights law, aims to protect the rights and freedoms of persons when data are processed (regardless of whether ...

Practice Area(s) Data Protection

Consumer Credit: The harmonisation legislation

Back in the year 2001, Cyprus implemented the Law «Regulating the Terms in relation to Credit Agreements for Consumers», in order to be in compliance with the EU legal framework at that time.

Practice Area(s) Private Client,  Banking and Finance

Late payments and SME's: a wind of change?

A very welcome new legislation has been recently enacted by the House of Parliament. Namely, the Law on Combating Late Payment in Commercial Transactions transposes Directive 2011/7/EU into national law. ...

Practice Area(s) Private Client

Acquiring citizenship in Cyprus

Enhancing its strong and long-lasting relationship with various business people around the world, recent amendment to the laws – explicitly directed towards entrepreneurs with significant value of assets ...

Practice Area(s) Private Client

Cyprus: An important business and financial centre

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 ...

Practice Area(s) Shipping, Admiralty and Marine Insurance,  Real Estate,  Private Client,  Data Protection,  Corporate and M&A,  Banking and Finance,  Dispute Resolution

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