Insights
Insightful Perspectives with Meaningful Impact
Practice direction on black and white trade marks in Cyprus
For the purpose of adopting a common framework governing the protection of black and white trade marks in Cyprus, the Cyprus Department of Registrar of Companies and Official Receiver has issued a new practice - Read More...
Double Tax Treaty between Ukraine and Cyprus in force
The Convention (Tax Treaty) for the avoidance of double taxation and the prevention of fiscal evasion signed on 8th November 2012, by Cyprus and Ukraine enters into force as from 1st January 2014 following - Read More...
Better protection for trade secrets in the EU
The EU has proposed new rules to protect businesses when confidential information is stolen or misused. The rules aim to encourage innovation and collaboration. Trade secrets – confidential business information such as Google’s search algorithm - Read More...
Proposal for a standard VAT Return in the European Union
On 23 October 2013 the European Commission announced a proposal for a standard value added tax (VAT) return, aiming to reduce administration for businesses, ease tax compliance, and make tax administration across the EU - Read More...
Amendments on Cyprus taxation provisions
Pursuant to the obligations undertaken by the Cyprus Government to the European Union, the IMF and the European Central Bank, as set out in the Memorandum of Understanding that has been agreed in an - Read More...
Cyprus implements new EU directive on combating late payment in commercial transactions
In order to protect European businesses, in particular SMEs, against late payment and to improve their competitiveness, a new Directive 2011/7/EU on combating late payment in commercial transactions was adopted on 16 February 2011 - Read More...
Cyprus Registrar of Trademarks introduces new policy on trademark classification
As a result of the recent decision of the European Court of Justice in the IP TRANSLATOR matter, the Registrar of Trademarks in Cyprus has introduced a new policy on trademark classification, aiming to - 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...
Amendments on Cyprus stamp duty laws to apply from March 2013
Cyprus stamp duty is levied on ‘documents’ (i.e. written agreements/contracts) relating to assets located in Cyprus and/or matters or things taking place in Cyprus. As of March 1, 2013, the calculation of stamp duty - Read More...
Cyprus and Ukraine sign new DTA
On 08 November 2012 Cyprus and Ukraine signed a new double taxation treaty, replacing the old convention of 1982 concluded with USSR. According to the principle terms of the Treaty, the withholding tax on - Read More...
Harris Kyriakides advises on the Second International Licensing Round for gas explorations in offshore Cyprus
Harris Kyriakides has advised on the legal aspects of the bid submitted by the Oak Delta NG Exploration Joint Venture in the Second International Licensing Round for gas explorations in offshore Cyprus. The Republic of - Read More...
Cyprus Supreme Court in full bench rules on sham hire purchase agreements
In an 11-2 majority decision, the full bench of the Cyprus Supreme Court has ruled on the question of a Bank’s entitlement to receive funds drawn pursuant to a credit facility, in the event - Read More...