PUBLICATIONS 2012
Cyprus and Ukraine signed a new bilateral tax agreement for the avoidance of double taxation
Tuesday, 13 November 2012 00:51Cyprus and Ukraine signed a new bilateral tax agreement for the avoidance of double taxation and the prevention of fiscal evasion that when in force will replace the existing Tax Bilateral tax...
CYPRUS: Dispute arising out from a Shareholders Agreement containing an arbitration clause
Tuesday, 16 October 2012 19:21CYPRUS: Dispute arising out from a Shareholders Agreement containing an arbitration clause - Applicability of Law 101/87 adopting in the Republic of Cyprus of the Uncitral Model Law on...
CYPRUS: Anti-Suit Injunction issued by Arbitral Tribunal in an LCIA arbitration case conducted in London
Tuesday, 16 October 2012 19:20CYPRUS: Anti-Suit Injunction issued by Arbitral Tribunal in an LCIA arbitration case conducted in London, prohibiting the commencement and/or continuation of legal proceedings before Cyprus...
CYPRUS: THIRD PARTY LITIGATION FUNDING, ASSIGNMENT OF CLAIMS AND CHAMPERTY
Monday, 10 September 2012 19:24The legality of a third party litigation funding, has not yet been examined by Cypriot Courts. If such an issue, is raised, Cypriot Courts will look for guidance on English or other common law...
CYPRUS: ENFORCEMENT AND REGISTRATION OF AN UKRAINIAN JUDGMENT
Tuesday, 24 July 2012 19:27CYPRUS: ENFORCEMENT AND REGISTRATION OF AN UKRAINIAN JUDGMENT AND THE POSSIBILITY OF OBTAINING INTERIM RELIEF IN AID OF EXECUTION INTRODUCTION The registration and enforcement of an...
Intra Group Loans (back-to back loans) through Cyprus
Friday, 20 July 2012 20:07Cyprus Companies are in wide use as major vehicles in international tax structuring mainly due to the broad range of legal and tax related benefits they can offer because of the flexible tax system...
The Power of Revocation of a Settlor of a Discretionary Trust, may be considered as a property right, available to a single creditor, by way of Equitable Execution.
Monday, 09 July 2012 19:37In the TASSARRUF MEVDUATI SEGORTA FONU -v- MERRIL LYNCH BANK AND TRUST COMPANY (CAYMAN) LTD & OTHERS (2011) UKPC 17, the Privy Council, permitted the appointment of an equitable receiver, to...
CYPRUS: Enforcement of Foreign Judgments
Tuesday, 29 May 2012 19:45INTRODUCTION Cyprus does not have a formal policy towards the recognition and enforcement of foreign judgments. The question whether a foreign judgment can be enforced in Cyprus, depends solely by...
District Court of Limassol Rules that Fraudulent Disposal of Assets of a Ukrainian Company
Tuesday, 29 May 2012 19:43District Court of Limassol Rules that Fraudulent Disposal of Assets of a Ukrainian Company Cannot be Trumped by the "Exclusive Jurisdiction” of Article 22 of the Brussels Regulation 18 May...
CYPRUS : Enforcement of International Arbitral Awards and Obtaining Interim Relief
Wednesday, 02 May 2012 19:48The Republic of Cyprus is a Contracting party to New York Convention. Since December 1980 the Republic of Cyprus, has been a contracting party to the New York Convention, on the recognition,...
CYPRUS: Enforcement and Registration of a Russian Judgment and the Possibility of Obtaining Interim Relief in Aid of Execution
Wednesday, 02 May 2012 19:46INTRODUCTION The registration and enforcement of a Russian judgment in the Republic of Cyprus is regulated by the provisions of the Bilateral Agreement, between Cyprus and the Russian...
CYPRUS: ADMIRALTY AND SHIPPING - PIRACY AND PAYMENT OF RANSOM FOR RELEASE OF SHIPS UNDER CYPRUS FLAG.
Wednesday, 08 February 2012 18:51The existence and nature of piratical attacks off Somalia, is a matter of great notoriety and has caused tremendous problems to ship-owners, cargo-owners, insurers, crew members etc. Due to the...
CYPRUS: CAN EX PARTE NORWICH PHARMACAL ORDERS BE STAYED, PENDING APPEAL?
Monday, 30 January 2012 18:58In the recent case PENDERHIL HOLDINGS LTD –V- IOANNI KLOUKINA, the Supreme Court of Cyprus, examined whether a stay can be granted of the enforcement of Norwich Pharmacal orders, pending...
CYPRUS: ARBITRATION AND DERIVATIVE ACTIONS
Monday, 30 January 2012 18:57In a recent decision of the Supreme Court of Cyprus, it has been held, that a derivative action filed by a minority shareholder of a Cyprus company, did not fall within the ambit of an arbitration...
CYPRUS: Appointment of an equitable receiver in aid of execution in the context of an application for registration and enforcement of a foreign judgment.
Monday, 30 January 2012 18:55In the context of an application to register and enforce a Russian judgment, pursuant to the terms of the bilateral treaty, existing between the Republic of Cyprus and Russia, our firm succeeded to...
CYPRUS: New Limitation Law
Tuesday, 10 January 2012 19:41All jurisdictions apply particular limitation periods for an action to be filed. In Cyprus limitation periods where set out in the Limitation of Actions Law, Cap 15 ("Limitations Law"), which was...
New Criteria and Conditions for the Naturalization of Foreign Investors / Entrepreneurs by Exemption
Tuesday, 10 January 2012 18:53The Council of Ministers issued recently its Decision setting new criteria and conditions for the Naturalization of Foreign Investors / Entrepreneurs by Exemption on the basis of para. 2(f) of the...
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