Insights
Insightful Perspectives with Meaningful Impact
Harris Kyriakides covers the Cyprus chapter of the inaugural edition of Sovereign Immunity 2018
Harris Kyriakides is covering the Cyprus chapter of the first edition of Getting the Deal Through – Sovereign Immunity 2018. This is the first volume to critically and comparatively assess the state of play of the law of sovereign - Read More...
By Michael Kyriakides
10th Private Banking & Wealth Management Conference
Our Senior Banking Administrator, Elena Iasonidou, attended the 10th Private Banking & Wealth Management Conference. The Conference brought together all the industry key players – HNWI, private banks, family offices, independent wealth managers and - Read More...
Reduction of the cheques validity period duration
Following the decision of the Commission of the Cyprus Clearance Office, from the 1st of March 2011, the duration of the validity period of cheques is reduced from 6 to 3 months since the date - Read More...
Recent trends on Asset Foreclosure Litigation
The Banking and Finance team of Harris Kyriakides LLC is delighted to invite you to a presentation on Recent trends on Asset Foreclosure Litigation. RSVP by Thursday, 28th February 2019 For further information and RSVP - Read More...
Cyprus regulates the legal framework on increase of interest rates and default interest rates
Since 1999, Cyprus completely liberalised any kind of regulation on interest rates. The Liberalisation of the Interest Rate and Related Matters Law No. 160(I) of 1999 had the effect of allowing any banking institution, - Read More...
Current status of temporary capital restrictions in the Cyprus banking system
Cyprus continues to implement a series of temporary capital restrictions measures, with the aim to support the banking sector and safeguard the stability of the Cypriot banking system. The temporary Cyprus restrictive measures were - Read More...
Central Bank of Cyprus publishes Code of Conduct on defaulting loans
Having regard to the financial difficulties faced by Cyprus bank borrowers and the increased number of non performing loans in Cyprus, the Central Bank of Cyprus has published a Code of Conduct for the treatment - Read More...
Ministry of Finance issues roadmap for lifting capital restrictions in Cyprus
The Ministry of Finance in Cyprus has announced a road map for the lifting of restrictions on bank transactions imposed in March 2013. In a statement issued on 18 September 2013, it was announced - Read More...
Update on recapitalisation of Bank of Cyprus
Bank of Cyprus Public Company Ltd (“BoC”) announced that its recapitalisation process through a bail-in of depositors (a deposit-to-equity conversion) has been completed and that as of 30 July 2013 it is no longer - Read More...
Ministry of Finance issues 12th Decree regarding Regulations of Banking Transactions.
Further to the recent decisions contained in the Memorandum of Understanding regarding the Cyprus banking sector, as adopted by the Eurogroup, the Ministry of Finance in Cyprus has put into effect a series of - Read More...
EU Member States set up a Unified Patent Court
Pursuant to an international agreement concluded outside the EU institutional framework, 24 European Union member states have now agreed to establish a Unified Patent Court (UPC) that will ensure the uniform applicability of patent law - Read More...
Rapid procedures for Cyprus residence permits to investors
On 23 August 2012, the Cyprus Ministry of Interior has issued a new framework that embraces an accelerated procedure for granting residence permits to applicants investing in Cyprus. The new framework emphasizes the need for - Read More...