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...
Judicial Proceedings via Videoconferencing: Practices and Proposals
Our Partner and President of the Reform and Civil Procedure Rules Committee of the CBA, Nicolas Kyriakides, expertly moderated the discussion alongside Secretary of the Committee, Ms. Constantina Zantira. The session addressed current practices, the - 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...
Commission for the Protection of Competition launches public consultation on priority criteria
The Competition Protection Committee is initiating a public consultation to establish criteria for prioritising its duties and powers as defined by the 2022 Competition Protection Law. This initiative aims to enhance transparency and effectiveness in - Read More...
Model European Rules of Civil Procedure
The ELI and UNIDROIT convened a pivotal Dissemination Conference at the Austrian Academy of Sciences in Vienna on February 5 and 6, 2024. The event spotlighted the enduring significance of the ELI-UNIDROIT Model European Rules - 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...