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...
Whiplash: Clarifying mixed injury claims and tackling rising insurance costs
Following the scrutiny of the whiplash reform report, the Supreme Court has upheld the Court of Appeal’s decision in Hassam & Anor v Rabot & Anor [2023] EWCA Civ 19, providing clarity on the correct approach to - 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...
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.
Compensations Booklet 2024
In our Compensations booklet for 2024 you may find a summary of all judgments issued by Cypriot courts in 2023, in which compensations were awarded for damages resulting from any form of accident.
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...
The 9th Pancyprian Conference of PSEAD – Key takes on European Trends and Industry Insights
The 9th Annual Conference of the Pancyprian Association of Professional Insurance Intermediaries (PSEAD) took place in May at the Strovolos Municipal Theatre, focusing on key European trends affecting the insurance sector.
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...
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.
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 Insurance Law
On the 26th June 2024 Harris Kyriakides successfully hosted the seminar titled “Latest Developments in Insurance Law”. During the event, a diverse range of topics were covered, including Civil Procedure Rules and compensation cases, the - Read More...