Insights
Insightful Perspectives with Meaningful Impact
Harris Kyriakides advised Eurobank Greece on its acquisition of a landmark property at Kifissias Avenue
Harris Kyriakides advised Eurobank, acting via Grivalia Management Company, on its acquisition of 100% of the share capital of a Cyprus-based subsidiary of DIMAND S.A., securing ownership of the landmark property at Kifissias Avenue, now - Read More...
Cyprus updates legislation on recovery and resolution of credit institutions and investment firms
Introduction The Cyprus House of Representatives has approved two legislative amendments to align national laws with EU directives on the recovery and resolution of credit institutions and investment firms. These developments are part of a - Read More...
CJEU Diarra Ruling on FIFA’s Transfer Regulations: Implications for international football and Cypriot clubs
Introduction In October 2024, the Court of Justice of the European Union (the CJEU) issued a ground-breaking judgment regarding FIFA’s Regulations on the Status and Transfer of Players (the RSTP). This ruling is perhaps the - Read More...
Cyprus passes law restricting large cash transactions to strengthen AML efforts
Introduction On 5 December 2024, Cyprus parliament approved a significant piece of legislation aimed at curbing large cash transactions, enhancing the country’s anti-money laundering (AML) framework. The proposal, first introduced on 30 October 2024 by - Read More...
Cyprus Ministry of Interior issues Best Practices Report to combat terrorism financing in non-profit organisations
On 26 November 2024, the Registrar of Associations and Foundations, which is part of the Ministry of Interior, issued a new Best Practices Report providing information on the risks faced by Non-Profit Organisations (NPOs) in - Read More...
Harris Kyriakides advises Venus Wine & Spirit Merchants PLC on its acquisition by Booker Limited
Harris Kyriakides is delighted to have advised on the acquisition of Venus Wine & Spirit Merchants PLC by Booker Limited, a transaction shortlisted for Deal of the Year (£40m+) at the South East Dealmakers Awards - Read More...
Cyprus Parliament aligns law with EU Directive on Corporate Tax Transparency
On 21 November 2024, the Cyprus Parliament passed legislation amending the Companies Law to align with Directive (EU) 2021/2101. This directive mandates public disclosure of income tax information by large multinational enterprises (MNEs), enhancing transparency - Read More...
Memorandum of Understanding with the University of Limassol
We are pleased to announce the signing of a Memorandum of Understanding between the University of Limassol and Harris Kyriakides. It marks the beginning of an inspiring collaboration, uniting academia and the legal profession to - Read More...
Harris Kyriakides has advised Cognita Schools, a global education group, on its acquisition of Doukas School in Greece
This marks Cognita’s first collaboration in the country, adding to its network of more than 100 schools worldwide. Cognita’s acquisition of Doukas School will enable Greek educators to join a global community of over 21,000 - Read More...
New guidelines from the Tax Department on certification of company reorganisation plans
The Cyprus Tax Department has released a circular clarifying procedures for the certification of company reorganisation plans, detailing the requirements and deadlines for obtaining tax exemptions under Part VI of the Income Tax Law. Background - Read More...
Harris Kyriakides advises Petrolina on its acquisition of ExxonMobil Cyprus
Harris Kyriakides advised Petrolina (Holdings) Public Ltd on its landmark acquisition of 100% of the share capital of ExxonMobil Cyprus Limited, a subsidiary of Exxon Mobil Corporation. The transaction remains subject to the approval of - Read More...
Cyprus Parliament approves new framework for beneficial ownership compliance
On 21 November 2024, the Cyprus Parliament approved a landmark amendment to the Prevention and Suppression of Money Laundering Activities Law. The legislation introduces a comprehensive framework for the enforcement of penalties related to beneficial ownership - Read More...