Insights
Insightful Perspectives with Meaningful Impact
Cyprus companies mandated to include contractual prohibitions for re-exports to Russia
As part of its ongoing efforts to strengthen sanctions against Russia and prevent the circumvention of export bans, the EU has introduced legal provisions, such as the ‘no re-export to Russia’ clause, effective as of - Read More...
Cyprus implements Fast-Track process for naturalisation of Highly Skilled Professionals
In a long-anticipated move aimed at attracting and retaining highly skilled employees of Companies of Foreign Interests, Cyprus amends the Civil Registry Law 141(I)/2002.
New legislation on remote work
The recent Law on remote work, passed by the Cyprus Parliament on 16/11/2023, regulates the rights and obligations of both employees and employers in the context of telecommuting.
Amendment to the Protection of Wages Law – New Requirements
The Protection of Wages Law of 2007 as amended, stipulates the acceptable means of wage payment and introduces new obligations to employers.
New Directive imposing new obligations for employers to be implemented in Cyprus by June 2026
The EU has recently published the 2023/970/EU Directive (the Directive) to strengthen the principle of equal pay for equal work between men and women through pay transparency and enforcement mechanisms.
The forthcoming amendment of the Motor Vehicles and Traffic Act 1972 (86/1972)
The European Parliament and the Council on 24 November 2021 adopted the Directive (EU) 2021/2118 aiming to modernise and amend the Directive 2009/103/EC relating to insurance against civil liability in respect of the use of - Read More...
Prohibition of providing Russian oil by European ships
The EU has approved six packages of sanctions in response to Russia’s unprecedented and unprovoked military offense against Ukraine. The measures are aimed at limiting the Kremlin’s ability to finance the war and cause clear - Read More...
Assistance to seafarers affected by the situation in Ukraine in opening bank accounts in Cyprus
This article briefly describes the arrangements made by financial institutions in the Republic of Cyprus to facilitate the opening of bank accounts for seafarers affected by the conflict between Ukraine and Russia.
The ‘Ever Given’ Departs, the Legal Battle Continues
The ‘Ever Given’, the containership that blocked the Suez Canal in March 2021, is now finally on its way after being detained for over 3 months. However, legal issues in relation to the incident are - Read More...
Update on the Cyprus/Greece Ferry Link: Larnaca’s case
In December 2020 Cyprus launched an unsuccessful tender for re-establishment of the Cyprus/Greece ferry connection. A new tender on more viable terms is on the cards, which could further address concerns raised by the Larnaca - Read More...
Compliance with the New Whistleblower Directive
Whistleblower Directive, adopted in 2019, introduces the minimum standards for a high level protection of persons reporting breaches of Union law.
The transfer of the workplace to work from home during the COVID-19 pandemic
The measures imposed by the government of the Republic of Cyprus for tackling the effects of the COVID-19 pandemic have caused sudden and extensive changes to the day-to-day operation of many businesses. One of the - Read More...