Did you know though that there is no definition of “company of foreign interests” in any law in Cyprus?

The resemblance between the legal systems of Cyprus and the UK travels back in time, to the period of English colonization, which has left, among others, to Cyprus, the heritage of the English common law system.

A Cyprus Investment Firm is one of the most effective vehicles both within the European Union and worldwide for providing investment services either within Cyprus or abroad and Cyprus is evolving to a prominent investment services center given the increasing number of investment services firms that have been established in Cyprus in the past years.

During the last couple of years, we have seen a new determinative player in the European market, the so called “Brexit Preparedness”. It has gradually become a multifaceted concept, related with all industry sectors and well-established, up until now, procedures, from custom duties and labelling of products, to jurisdiction clauses in international commercial contracts and transmission of personal data across the Union.

The first multi million GDPR fine was issued by the German Commissioner for Data Protection and Freedom of Information (Berliner Beauftragte für Datenschutz und Informationsfreiheit – Berlin DPA).

Ένα «κλίκ» μακριά από το επιθυμητό ακίνητο δύνανται να βρεθούν πια οι υποψήφιοι αγοραστές. Τα Τραπεζικά Ιδρύματα της Δημοκρατίας έχουν πλέον, μετά τις τροποποιήσεις του περί Μεταβιβάσεως και Υποθηκεύσεως Ακινήτων Νόμος του 1965 (9/1965), τη δυνατότητα ως Ενυπόθηκοι Δανειστές να επιλέξουν τη διενέργεια πλειστηριασμού με ηλεκτρονικά μέσα για την πώληση ενυπόθηκου ακινήτου.

The Court of Justice of the European Union (CJEU) on 2nd of October held an important decision which clarifies the conditions of Article 7(1)(b) of the Directive 2004/38. The Court received a request for a preliminary ruling from the Court of Appeal in Northern Ireland (United Kingdom).

A winding-up Application (petition) under the scope of Article 211 of Chapter 113, is an originating summons as interpreted by Order.2 R.2 of the Civil Procedures Rules. Therefore, it is clear that such petitions differ from any other interim applications or applications by summons which are filed under other procedure rules and which have been already initiated and governed by Order 48 of the Civil Procedures Rules.

On 24 June 2016 the EU Council adopted two new Regulations a) the Regulation 2016/1103 which covers marriage issues and b) the Regulation 2016/1104 that covers registered partnerships. Both regulations aim to create certainty about the applicable property law for the couples who enter into a marriage or registered partnership of a cross-border nature. The new rules will only apply to marriages and registered partnerships entered or commenced after 29 January 2019, and only in the Member States which have acceded to the Regulations.