PUBLICATIONS 2015
Cyprus: Guidance for Cyprus Courts on the duties owned by directors of a company to the shareholders
Monday, 28 December 2015 10:22Cyprus: Guidance for Cyprus Courts on the duties owned by directors of a company to the shareholders In a recent decision by the High Court of the United Kingdom, the court...
Cyprus: Taxation – Amendments on the Double Tax Treaty between the Republic of Cyprus and Ukraine
Tuesday, 22 December 2015 17:29Cyprus: Taxation – Amendments on the Double Tax Treaty between the Republic of Cyprus and Ukraine Representatives of the Cyprus and the Ukrainian governments have signed, in...
CYPRUS: Guidance by the Supreme Court of Cyprus on “mens rea” for bounced cheques
Monday, 14 December 2015 14:53CYPRUS: Guidance by the Supreme Court of Cyprus on “mens rea” for bounced cheques In October 2015 the Supreme Court made a remarking judgment which overturned the decision of the First-instance...
CYPRUS: Double Tax Treaty between Cyprus and Swiss Confederation
Wednesday, 09 December 2015 09:53CYPRUS: Double Tax Treaty between Cyprus and Swiss Confederation On 15th October 2015, the Double Tax Treaty between the Republic of Cyprus and Swiss Confederation had entered into force (the...
Cyprus: New Procedure for Issuing a Tax Residency Certificates
Monday, 07 December 2015 16:40Cyprus: New Procedure for Issuing a Tax Residency Certificates Tax Department, has recently issued a circular in relation to the applications for the issuance of tax residency certificates. For...
CYPRUS: NO CAPITAL GAINS TAX FOR IMMOVABLE PROPERTIES PURCHASED UNTIL THE END OF THE YEAR 2016
Friday, 27 November 2015 08:47CYPRUS: NO CAPITAL GAINS TAX FOR IMMOVABLE PROPERTIES PURCHASED UNTIL THE END OF THE YEAR 2016 By a recent amendment of the Capital Gains Tax Law, Cyprus has abolished the payment of any Capital...
Tied Agents
Monday, 23 November 2015 10:53Tied Agents A tied agent means a person established in a Member State, who, acting under the full and unconditional responsibility of only one Investment Firm of a Member State...
Cyprus: Possible guidance from the English Courts on the Interpretation of jurisdiction clauses as “exclusive”
Friday, 20 November 2015 10:04Cyprus: Possible guidance from the English Courts on the Interpretation of jurisdiction clauses as “exclusive” During the past years English courts have been willing to...
CYPRUS: WINDING OF COMPANIES – WINDING UP BY THE COURT (COMPULSORY WINDING UP)-INABILITY OF THE COMPANY TO PAY ITS DEBTS
Wednesday, 18 November 2015 13:09CYPRUS: WINDING OF COMPANIES – WINDING UP BY THE COURT (COMPULSORY WINDING UP)-INABILITY OF THE COMPANY TO PAY ITS DEBTS Winding up is the process by which the...
Cyprus: A possible amendment in the Law of Social Insurance Debtors
Friday, 30 October 2015 12:54Cyprus: A possible amendment in the Law of Social Insurance Debtors In Cyprus over the last years around 300 people received an imprisonment sentence for debts in relation to...
Cyprus: Will the proposed amendment in relation to the reduction of Judges in Family Courts solve the real issues that affect the quick adjudication of Family cases?
Thursday, 29 October 2015 10:28Cyprus: Will the proposed amendment in relation to the reduction of Judges in Family Courts solve the real issues that affect the quick adjudication of Family cases? Due to the...
CYPRUS: SERVICE OF COURT DOCUMENTS UNDER REGULATION (EC) 1393/2007
Friday, 23 October 2015 12:24CYPRUS: SERVICE OF COURT DOCUMENTS UNDER REGULATION (EC) 1393/2007 In a case involving service of court documents in a Member State pursuant to Regulation (EC) 1393/2007, the...
CYPRUS: APPOINTMENT OF RECEIVER IN AID OF EQUITABLE EXECUTION OF CYPRUS JUDGMENT
Wednesday, 21 October 2015 16:59CYPRUS: APPOINTMENT OF RECEIVER IN AID OF EQUITABLE EXECUTION OF CYPRUS JUDGMENT In a recent case handled by our firm, we succeeded acting on behalf of a Claimant to obtain a...
Cyprus : Supreme Court has ruled in favour of Speed and Efficacy in the spirit of judicial cooperation
Tuesday, 20 October 2015 13:19Cyprus : Supreme Court has ruled in favour of Speed and Efficacy in the spirit of judicial cooperation In the case of Alpha Bank Cyprus Ltd v. Andrew Timothy Popple in March 2015...
CYPRUS: Strengthening protection on money laundering by the Introduction of the Fourth Anti- Money Laundering Directive
Monday, 19 October 2015 16:43CYPRUS: Strengthening protection on money laundering by the Introduction of the Fourth Anti- Money Laundering Directive Flows of illegal money can damage the...
The International Court of Arbitration of the International Chamber of Commerce to communicate reasons for its decisions
Tuesday, 13 October 2015 08:54The International Court of Arbitration of the International Chamber of Commerce to communicate reasons for its decisions The ICC Court is a leading centre for resolution...
A fight against corruption by the proposed introduction of Criminal Record Certificates for Companies
Monday, 05 October 2015 09:12A fight against corruption by the proposed introduction of Criminal Record Certificates for Companies Due to existing problems with regards to companies competing for the undertaking of public...
THE EXAMINERSHIP - Amendments to the Cyprus Legislation
Wednesday, 30 September 2015 10:36THE EXAMINERSHIP - Amendments to the Cyprus Legislation The Companies Law, Cap.113 as amended by the 89(I)/2015, 63(I)/2015 and 62(I) 2015introducedthe examinership...
CYPRUS TAX. AMENDMENTS EXPECTED TO ARRIVE IN AUTUMN 2015
Wednesday, 23 September 2015 09:24CYPRUS TAX. AMENDMENTS EXPECTED TO ARRIVE IN AUTUMN 2015. A. Income Tax Treatment of Forex It is proposed that as of 1st January 2015, exchange differences, whether losses or...
Changes to the Inheritance process under European Succession Regulation 650/2012
Thursday, 10 September 2015 13:30Changes to the Inheritance process under European Succession Regulation 650/2012 The growing importance of cross border successions within the European Union...
Renewal and Amendment of the Double Taxation Treaty between Cyprus and Ukraine
Wednesday, 09 September 2015 15:35Renewal and Amendment of the Double Taxation Treaty between Cyprus and...
ACTIVATION OF A CIF AUTHORISATION
Tuesday, 01 September 2015 12:25ACTIVATION OF A CIF AUTHORISATION According to Cyprus Securities and Exchange Commission’s (“CySEC”) announcement dated 9th of July 2015, the process starting...
RECENT DEVELOPMENTS IN CYPRUS DTT NETWORK
Tuesday, 01 September 2015 12:23RECENT DEVELOPMENTS IN CYPRUS DTT NETWORK Cyprus- Bahrain (DTT signed in March 2015) In pursuit of strengthening the ties with all Gulf countries, on 9 March, 2015...
CYPRUS INVESTMENT FIRMS (CIFs)
Tuesday, 01 September 2015 12:16CYPRUS INVESTMENT FIRMS (CIFs) The Cyprus Investment Firms Law 144(I)/2007 provides the legal framework for the provision of investment and ancillary services as well as specific...
The establishment of a New Administrative Court in Nicosia, Cyprus
Wednesday, 19 August 2015 08:55The establishment of a New Administrative Court in Nicosia, Cyprus The legislative body of the Republic of Cyprus introduced the Law...
The Approval of a Bill relating to the Sale of Loans
Thursday, 06 August 2015 09:43The Approval of a Bill relating to the Sale of Loans A bill under the name “Lawregulating the activities of portfolio investor companies of 2015”, has been drafted by...
Recent Amendments to Cyprus Tax Regime
Thursday, 23 July 2015 09:41Recent Amendments to Cyprus Tax Regime On the 9th July 2015, Cyprus Parliament passed number of new laws, which purport to make Cyprus a more attractive investment destination. The Laws are...
Cyprus – Immovable Property
Monday, 20 July 2015 12:30Cyprus –Immovable Property ‘Parliament to submit law addressing the issue of Title Deeds and Hidden Mortgages’ One of the major problems...
![The Law amending the Companies Law CAP 113 N.4 [89(I) /2015] and collectively (the ‘Law’) came into force on 19 June 2015 and brought with it several changes to the current legal regime.](/images/thumbnails/mod_minifrontpagepro/c0e06a31051e0775970f657db2c09981_default.jpg)
The Law amending the Companies Law CAP 113 N.4 [89(I) /2015] and collectively (the ‘Law’) came into force on 19 June 2015 and brought with it several changes to the current legal regime.
Thursday, 16 July 2015 09:31The Law amending the Companies Law CAP 113 N.4 [89(I) /2015] and collectively (the ‘Law’) came into force on 19 June 2015 and brought with it several changes to the current legal...
Scheme for Naturalisation of Investors in Cyprus
Monday, 30 March 2015 12:38EU PASSPORT Scheme for Naturalisation of Investors in Cyprus The Council of Ministers of the Republic of Cyprus, on 19 March, 2014, revised the criteria for providing Cypriot citizenship...
The new features under the Recast Regulation 1215/2012
Tuesday, 24 March 2015 09:02The new features under the Recast Regulation 1215/2012 The significance of the EU Regulation 44/2001 is well known as its rules determine both the jurisdiction of courts in the EU in civil...
Lis Alibi Pendens under the Council Regulation (EC) No 44/2001 on jurisdictionand the recognition and enforcement of judgments in civil and commercial matters
Monday, 02 February 2015 12:50Lis Alibi Pendens under the Council Regulation (EC) No 44/2001 on jurisdictionand the recognition and enforcement of judgments in civil and commercial matters Lis Alibi pendens is Latin for...
Deoffshorization Law in Russia and possible solutions for the CFCs in Cyprus
Thursday, 22 January 2015 02:00Deoffshorization Law in Russia and possible solutions for the CFCs in Cyprus The Federal Law No 376-FZ dated 24 November 2014 “Concerning the Introduction of Amendments to Parts One and Two of...
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