Insights
Insightful Perspectives with Meaningful Impact
Recent Court Judgment examining the validity of a mortgage due to the allegation of Forgery
In a Judgment dated 17 February 2023 Harris Kyriakides representing a reputable Cypriot Bank (the Plaintiff) successfully obtained a judgment against a Company under Liquidation (the Company) in a claim relating to a number of - Read More...
Gold Magazine “Large-scale real estate developments in Cyprus” featuring Harris Kyriakides
Discover an overview of our Real Estate Practice; our Real Estate team is featured in this month’s IMH Gold Magazine “Large-scale real estate developments in Cyprus”.
Levy imposed on disposals involving Cyprus real estate – Amendment of the law on imposition and collection
On 22 February 2021, certain provisions relating to the Central Agency for Equal Distribution of Burdens (Creation, Objects, Responsibilities, and Other Related Matters) Law of 1989 (as amended) (No. 2) (the Law) were amended resulting - Read More...
Gold Magazine The Gamechangers Issue Interview With Andrea Newton
‘’Being a game changer means not accepting the rules and standards for success set by others but having the courage to go out there, challenging norms and established practices, and forging a new path’’
Cyprus suspends foreclosure processes until 31 January 2023
Pursuant to an amendment to the Transfer and Mortgage of Property Law (the TMP Law), on 10 November 2022, the Cyprus Parliament introduced a suspension to foreclosure processes until 31 January 2023. The amending legislation - Read More...
Where to start: reforming a legal system to attract foreign investment
In the latest issue of the Barrister magazine, our partner Nicolas Kyriakides examines the reform needed in a legal system to attract foreign investment.
By Nicolas Kyriakides
The New York Times Cyprus Feature – Spotlight on Cyprus
In the latest Cyprus feature – Spotlight on Cyprus which was shared by BRG (Brussels Research Group) and The New York Times, our partner Nicolas Kyriakides analyses how Cyprus is adapting to instability in a - Read More...
By Nicolas Kyriakides
Suspension of the foreclosure process until 31/10/2022
The Transfer and Mortgage of Property (Amended) (No. 4) Law of 2022 (the Bill) was adopted in Parliament on 14.07.2022 in order to reinstate the targeted suspension of the foreclosure process until the 31st October - Read More...
Supreme Court rules unconstitutional the bill on extending a moratorium on tenant evictions
The Rent Control (Temporary Provisions) (Amendment) (No. 3) Law of 2020, was ruled as unconstitutional by the Supreme Court following its referral by the President of the Republic of Cyprus.
Imposition of an administrative fine on the Board of Registered Realtors
This article briefly discusses the imposition of an administrative fine by the Cyprus Data Protection Commissioner on the Board of Registered Realtors for failure to meet data subject request.
Suspension of foreclosures involving primary residences or businesses premises or agricultural fields until end of July 2021
The Transfer and Mortgage of Property Law (Amending) Law of 2021 (Ν. 98(I)/2021) (the Law) was published in the government Gazette on 07.05.2021 in an effort to provide financial assistance and relief to borrowers who - Read More...
New Directive on Taxation of Proceeds from Foreclosed Property
Newly published Directive 09/2021 sets out the Tax Department’s process of determination of whether foreclosed property proceeds are taxed as Income or Capital Gains. Though undeniably enhancing transparency, whether it will reduce delays from non-submission - Read More...