Insights
Insightful Perspectives with Meaningful Impact
GBCY International Investment Conference 2024
Our associate, Munevver Kasif, addressed the attendees of the GBCY International Investment Conference 2024, on the recent challenges faced in the maritime sector in Cyprus explaining how Cyprus remains an international maritime and ship management - Read More...
New bill for the release of assets from MEMOs
On April 4th, 2024, a bill was submitted to the Cyprus Parliament aiming to relief thousands of borrowers and guarantors whose assets are encumbered by MEMOs.
1 May 2024 – First deadline for new reporting requirements relating to outgoing transfers by Russian-owned entities
In response to the need for heightened oversight of financial transactions involving entities associated with Russia, a new regulation, Article 5r, has been enacted. Effective as of May 1, 2024, this regulation imposes reporting obligations - Read More...
Cyprus companies mandated to include contractual prohibitions for re-exports to Russia
As part of its ongoing efforts to strengthen sanctions against Russia and prevent the circumvention of export bans, the EU has introduced legal provisions, such as the ‘no re-export to Russia’ clause, effective as of - Read More...
Cyprus Commissioner for Personal Data Protection issues a notice regarding direct marketing communications
In light of increased complaints regarding unsolicited SMS and email advertising messages, the Cyprus Commissioner for Personal Data Protection (the Commissioner) affirms the legal requirements for businesses engaging in direct marketing communication.
Cyprus Introduces National Solidarity Fund Replenishment Scheme
The Ministry of Finance has recently unveiled an initiative aimed at aiding individuals and entities impacted by the 2013 banking crisis in Cyprus.
The March 2024 Issue of the Accountancy Cyprus
The March 2024 Issue of the Accountancy Cyprus is now available. In this issue, our partner Nicolas Kyriakides wrote an article on the “Benefits and Challenges in Implementing Lobbying Legislation”
By Nicolas Kyriakides
Cyprus implements restrictions on Apostille for documents involving sanctioned companies or companies with Russian interests
Cyprus is a signatory to and has ratified the Convention Abolishing the Requirement of Legalization for Foreign Public Documents (the Hague Convention of 5 October 1961). Under this Convention, legal public documents issued by the Government of - Read More...
14th Nicosia Economic Congress
Our partner, Nicolas Kyriakides, participated in the round table discussion, “Business leaders discuss the course of the economy and the future of entrepreneurship” at the 14th Nicosia Economic Congress. The panellists delved into the challenges - Read More...
The Law of the Establishment and Operation of a Single Agency for the Out-of-Court Settlement of Financial Disputes (Amending Law of 2023)
With the amendment of the Law relating to the Establishment and Operation of a Single Agency for the Out-of-Court Settlement of Financial Disputes, the powers of the Financial Ombudsman for the out-of-court settlement of disputes - Read More...
14th Nicosia Economic Congress
Harris Kyriakides is pleased to sponsor and participate in the 14th Nicosia Economic Congress for the third consecutive year, taking place on Tuesday, 9 April 2024. For the 14th year in a row, the Nicosia - Read More...
Walder Wyss 2024
We thank Walder Wyss for hosting yet another exceptional Transaction Summit 2024 in Zurich and Engelberg from 14 – 16 March.