Insights
Insightful Perspectives with Meaningful Impact
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...
Apple loses its rights over the “Think Different” slogan
On 9 June 2022, the Court of Justice of the European Union (CJEU) dismissed the actions brought by Apple Inc. (Apple) against the decisions of the European Union Intellectual Property Office (EUIPO) revoking the “Think - Read More...
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.
Google vs. News Channels: The most unprecedented fine ever imposed on a giant company
The French Competition Authority fined the tech giant Google with a whopping € 500 million fine for not abiding by one of its decisions.
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...
Rental payments during the Covid-19 pandemic
As part of the new measures of support to businesses and self-employed persons which have recently been announced by the Government of the Republic of Cyprus for the purpose of mitigating the financial impacts of - Read More...
Suspension of foreclosures involving primary residences or businesses dwellings until end of March 2021
On 17.12.2020, the Parliament adopted the amendment of the Transfer and Mortgage of Property (Amending) (No. 2) Law of 2020 (the “Law”) with 31 votes in favour and 17 against. The law has been amended with - Read More...