Insights
Insightful Perspectives with Meaningful Impact
Harris Kyriakides advised Eurobank Greece on its acquisition of a landmark property at Kifissias Avenue
Harris Kyriakides advised Eurobank, acting via Grivalia Management Company, on its acquisition of 100% of the share capital of a Cyprus-based subsidiary of DIMAND S.A., securing ownership of the landmark property at Kifissias Avenue, now - Read More...
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...
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...
EU seeks to ban “forever chemicals” in consumer products
The European Commission’s new initiative to phase out “forever chemicals” from consumer products marks a significant shift in the European market, impacting industries across various sectors. Background “Forever chemicals”, formally known as per- and polyfluoroalkyl - 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 Real Estate 2024
Who’s Who Legal, has recognised our partner Andrea Newton as leading real estate law practitioners in Cyprus in its 2024 edition of WWL: Real Estate.
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.
Constitutional Clarity: The decision of the Court of Appeal on Cyprus Law in relation to the provisions 44ΙΗ – 44ΚB of the Transfer and Mortgage of Real Estate Law of 1965 (9/1965)
A recent judicial ruling declared unconstitutional the provisions contained in the articles 44IH – 44KB of the Transfer and Mortgage of Real Estate Law of 1965 (9/1965). The abovementioned articles regulate the process of issuing - Read More...
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.”
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...