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...
Parliament has passed the new framework for credit managers and credit purchasers to align with European Directive 2021/2167
By a majority vote, Parliament has enacted a legislative package to align national law with European Directive 2021/2167, which establishes a unified framework for credit servicers and purchasers. The legislation aims to facilitate the creation - Read More...
Supreme Court Directive on adjudication of claims related to credit facilities
The Supreme Court issued a directive on July 26, 2024, stating that for cases arising from or related to credit facilities, a relevant notice must be submitted to the registry of the court where the - Read More...
GBCY International Investment Conference 2024
Our associate, Munevver Kasif, addressed the attendees of the GBCY International Investment Conference 2024, on the recent challenges faced in the maritime sector in Cyprus explaining how Cyprus remains an international maritime and ship management - Read More...
New bill for the release of assets from MEMOs
On April 4th, 2024, a bill was submitted to the Cyprus Parliament aiming to relief thousands of borrowers and guarantors whose assets are encumbered by MEMOs.
Cyprus Introduces National Solidarity Fund Replenishment Scheme
The Ministry of Finance has recently unveiled an initiative aimed at aiding individuals and entities impacted by the 2013 banking crisis in Cyprus.
14th Nicosia Economic Congress
Our partner, Nicolas Kyriakides, participated in the round table discussion, “Business leaders discuss the course of the economy and the future of entrepreneurship” at the 14th Nicosia Economic Congress. The panellists delved into the challenges - Read More...
The Law of the Establishment and Operation of a Single Agency for the Out-of-Court Settlement of Financial Disputes (Amending Law of 2023)
With the amendment of the Law relating to the Establishment and Operation of a Single Agency for the Out-of-Court Settlement of Financial Disputes, the powers of the Financial Ombudsman for the out-of-court settlement of disputes - Read More...
14th Nicosia Economic Congress
Harris Kyriakides is pleased to sponsor and participate in the 14th Nicosia Economic Congress for the third consecutive year, taking place on Tuesday, 9 April 2024. For the 14th year in a row, the Nicosia - Read More...
EU establishes the Anti-Money Laundering Authority (AMLA) and enacts the Anti-Money Laundering Regulation (the AMLR)
In response to the evolving challenges of money laundering and the financing of terrorism, the Council of the European Union and the European Parliament announced a significant milestone on 17 January 2024, shaping the future - Read More...
Amendments to the Transfer and Mortgage of Property Law Ν. 9/1965 concerning the Mortgage to Rent Scheme.
Cyprus Parliament modifies the Transfer and Mortgage of Property Law Ν. 9/1965 in order to suspend the foreclosure process in cases where mortgagors apply to the Mortgage to Rent scheme.