Insights
Insightful Perspectives with Meaningful Impact
New case law in Cyprus on insurance recovery
Recovering payments made for third-party accidents under an insurance policy often proves more complex than insurers initially anticipate. Recent court rulings highlight that insurers must obtain a court judgment to recover compensation in certain circumstances.
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...
IIC Hosts Seminar on Inheritance Law: Delivered by Nicolas Kyriakides
The Insurance Institute of Cyprus (IIC) recently conducted a one-day seminar titled “Succession and Insurance,” featuring a presentation by our partner, Nicolas Kyriakides. This seminar provided a comprehensive introduction to inheritance law, specifically addressing its - Read More...
Court of Appeal’s significant judgment on Rome II Regulation in Nicholls v AXA
On 27 June 2024, the English Court of Appeal delivered a judgment in Nicholls v AXA Assistance Group T/A AXA Travel Insurance [2024] EWCA Civ 718, addressing crucial issues under the Rome II Regulation (“Rome - 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...
First Court Decision in Cyprus that has allowed Witness Testimony via videoconferencing in a Civil Case
For the first time in Cyprus, a court decision has been made in a civil case with witness testimony being allowed via videoconferencing, pursuant to Article 36A of the Evidence Law, Chapter 9. This decision - Read More...
Cyprus Parliament Approves Lifting MEMOs on Assets in the Occupied Areas
Cyprus Parliament unanimously passed the “Lifting of Encumbrance /Memo” on occupied assets.
EIOPA’s Second Report on the Implementation of IDD: Improvements and Challenges
Following the strategic update by the European Insurance and Occupational Pensions Authority (EIOPA) regarding the Supervisory Convergence Plan for 2024, it is important to reflect on the impact of the Insurance Distribution Directive (IDD).
European Financial Sector Strengthens Digital Resilience: DORA Regulations in Focus
In a significant move towards enhancing digital operational resilience in the European Union’s financial sector, the European Banking Authority (EBA), European Insurance and Occupational Pensions Authority (EIOPA), and European Securities and Markets Authority (ESMA), also - Read More...
Amendment to The Motor Vehicles (Third Party Liability Insurance) Laws of 2000-2021 Law Number 167(I) of 2023
On 20 December 2023, the House of Representatives passed a pivotal legislative amendment, Law Number 167(I) of 2023, bringing significant changes to the legal framework governing the Motor Vehicles’ Third Party Liability Insurance Laws of - Read More...
EIOPA’s 2024 Supervisory Convergence Plan
On 21 December 2023, the European Insurance and Occupational Pensions Authority (EIOPA), in a significant update to its strategic plan, unveiled its Supervisory Convergence Plan for 2024, marking a pivotal step toward fostering a cohesive - Read More...