Insights
Insightful Perspectives with Meaningful Impact
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.
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.
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...
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...
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.
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...
EU Commission issues ESG proposal regarding corporate sustainability due diligence
On 23 February 2022, the European Commission published its proposal for a directive on corporate sustainability due diligence (the Proposal), aiming to apply cross-sectoral mandatory obligations on companies to implement robust processes to manage human - Read More...