Insights
Insightful Perspectives with Meaningful Impact
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...
Who’s Who Legal Government 2024
We are pleased to announce that Who’s Who Legal has recognised as a leading practitioner in Government matters in its 2024 edition of WWL: Government.
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...
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.
Judgment of the Court of Appeal regarding the amount due and interest on Notice type IA
The judgment deals with the content of Notice type IA in relation to the specification of the amount due and the interest.
Latest Developments in Banking Law
On 26th June 2024, Harris Kyriakides successfully hosted the seminar titled “Latest Developments in Banking Law.”
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...
Injunctions suspending demands on performance bonds and bank guarantees
Performance bonds and bank guarantees are vital in ensuring smooth commercial operations. They act as safeguards for parties engaged in business, particularly in industries like construction and contracting. These bonds assure that obligations will be - Read More...
Financial charges announced in relation to the Register of Beneficial Owners
The Department of the Registrar of Companies and Intellectual Property (TEEDI) has announced the imposition of financial charges in regard to the Register of Beneficial Owners.
EU Council adopts conclusions on the Commission’s annual report on the application of the EU Charter of Fundamental Rights
The significance of effective legal protection and access to justice is underscored in the EU Council’s conclusions, vital for upholding and enforcing the rights enshrined in both the Charter and EU legislation.