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...
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...
Guidance from the Cyprus Court of Appeal on interim injunctions involving fraud allegations
A recent ruling by the Cyprus Court of Appeal provides key insights into the standards required for granting such injunctions, especially where fraud and conspiracy are alleged.
Judgment of the Court of Appeal regarding trapped buyers
The judgment addresses whether the decision of the Director of the Land Registry to transfer the property in the name of a trapped buyer and release the mortgage is consistent with the Constitution.
Parliamentary Committee advances constitutional amendments for environmental rights
On 10 July 2024, the Parliamentary Committee on Legal Affairs, Justice, and Public Order convened to discuss significant legislative proposals aimed at amending the Constitution of the Republic of Cyprus.
Constitutional Clarity: The decision of the Court of Appeal on Cyprus Law in relation to the provisions 44ΙΗ – 44ΚB of the Transfer and Mortgage of Real Estate Law of 1965 (9/1965)
A recent judicial ruling declared unconstitutional the provisions contained in the articles 44IH – 44KB of the Transfer and Mortgage of Real Estate Law of 1965 (9/1965). The abovementioned articles regulate the process of issuing - Read More...
Adoption of the Corporate Sustainability Due Diligence Directive
On 24 May 2024, the Council of the European Union (the EU) formally adopted the Corporate Sustainability Due Diligence Directive (the Directive) as part of the EU Green Deal. This Directive represents a significant advancement - Read More...
Implementation of the “Pay-As-You-Throw” Scheme in Cyprus by Local Authorities in line with the Polluter Pays principle
In line with the Polluter Pays principle, local authorities in Cyprus have established the “Pay-As-You-Throw” scheme to enhance waste management practices. This initiative follows the Waste (Municipal Waste Management) Regulations 2022, which were adopted to - Read More...
Navigating the Corporate Sustainability Reporting Directive: Implications for Cyprus Companies
On April 21, 2021, the EU Commission announced the adoption of the Corporate Sustainability Reporting Directive (the CSRD) in line with the commitment made under the European Green Deal. The CSRD will amend the existing - Read More...
Climate justice in Strasburg – First successful climate case by a decision of the European Court of Human Rights
The European Court of Human Rights (ECHR) ruled on April 9, 2024, in the case Verein KlimaSeniorinnen Schweiz and Others v. Switzerland (application no. 53600/20) that the Swiss government’s failure to take adequate measures to - Read More...
Amendment to the Sale of Land (Specific Performance) Law, Cap. 232
In an effort to protect the interests of purchasers of immovable property, the amended Sale of Land (Specific Performance) Law (132(I)/2023) (the Law) came into force on 12 December 2023. Essentially, the Law simplifies the - Read More...
EU implements world’s first green bond standards
European Union lawmakers approved new voluntary standards for companies issuing green bonds, opening up new opportunities for issuers and investors to tackle greenwashing.