Insights
Insightful Perspectives with Meaningful Impact
New European Regulation cuts red tape
On the 9th of June 2016, the European Parliament has adopted a regulation (the “Public Documents Regulation”), proposed by the Commission, to cut costs and formalities for citizens who need to present a public - Read More...
The European Account Preservation Order
The European Account Preservation Order (EAPO) Regulation (Regulation (EU) No 655/2014) (the “Regulation”), is a recently introduced EU-wide instrument. It allows a plaintiff to obtain an order preserving a defendant’s bank account across the EU - Read More...
By Nicolas Kyriakides
Finding, Freezing and Attaching Assets: A Multi-Jurisdictional Handbook
Michalis Kyriakides and Nicolas Kyriakides are the authors of a chapter on Cyprus law in a recent book published by Kluwer Law International. The book is about how to find out whether a defendant - Read More...
By Michael Kyriakides, Nicolas Kyriakides
The United Kingdom’s stance to the recently introduced European Account Preservation Order
In 2011 the European Commission presented a proposal for a regulation introducing the European Account Preservation Order (EAPO).This remedy allows a claimant to obtain an order preserving a defendant’s bank account upon proof that the - Read More...
A European-wide Preservation Order: How the Common Law Practice Can Contribute
“Milking a dry udder gets you nothing but kicked off the milking stool,” as an old saying goes. Having this in mind, a claimant would not normally bring proceedings unless he or she is confident - Read More...
By Nicolas Kyriakides
Interest from judgments issued by Cyprus Courts set at 4%
The Minister of Finance of Cyprus has issued a ministerial decree, which sets the interest percentage which applies on judgments issued by Cyprus Courts at 4%. The decree has been published in the Cyprus - Read More...
Council adopts European Account Preservation Order
The Council of the EU adopted yesterday the regulation establishing a European Account Preservation Order. As mentioned in our previous posts, by means of this mechanism a creditor will be able to obtain from - Read More...
Launch of the Fiscal Responsibility and Budget Systems Law
The government of Cyprus recently launched the new Fiscal Responsibility and Fiscal Framework Law, after the over voting of the law in March 2014. The new Cyprus law, characterised as an “umbrella law”, provides for - Read More...
Cyprus introduces a new Administrative Court
A new draft law on the establishment of a new autonomous Administrative Court is under discussion in Cyprus. This initiative, probably one of the most fundamental developments of the Cyprus legal system of justice - Read More...
Harris Kyriakides advises Larnaca Municipality on the Evanthia Pierides trust
Harris Kyriakides has been retained by the Larnaca Municipality to advise on the lawfulness of the proposed conversion of the old Larnaca Hospital to the new town hall of Larnaca. The old Larnaca Hospital was - Read More...
Exaggerated claims in motor accident cases under the microscope of the Supreme Court
It is a usual phenomenon for claimants in motor accident claims to claim for ‘a little something extra’ following a genuine loss. This practice stems from the perception that there is nothing to lose - Read More...
Cyprus Presidency of the European Council: Priorities on Civil and Criminal matters
During its Presidency, Cyprus will work Τowards a Better Europe, more relevant to its citizens and to the world; meaning a more effective Europe, contributing to growth and job creation. A European Union working on - Read More...