Insights
Insightful Perspectives with Meaningful Impact
New Insolvency rules in the European Union
On 20/5/2015, the European Parliament has adopted modernised rules on insolvency, taking one step closer towards the creation of a business-friendly environment in Europe, which will help economic recovery. These modernised rules will make - Read More...
Recognition and enforcement of judgments in Cyprus – Brussels I Regulation (recast) now in force
Brussels I Regulation (recast) (Regulation (EU) 1215/2012) (the “recast Regulation”) has come into force on 10 January 2015. The Regulation applies to legal proceedings instituted on or after 10 January 2015 (Article 66(1)). Regulation (EC) - Read More...
New legislation under way to regulate a world class integrated Casino Resort in Cyprus
Following the relevant Council of Ministers Decision in 2013 for entrusting to the Ministry of Energy, Commerce, Industry and Tourism, the task of licensing a single Integrated Casino Resort in Cyprus, on 23 December - Read More...
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...
Guidance by the Ministry of Justice on Apostille and Cyprus public documents
The Ministry of Justice and Public Order, which is the public authority designated as a Central Authority for the purpose of implementation of the Hague Convention of the 5th of October 1961 on the - Read More...
Oil and gas regulation in Cyprus: overview
We are pleased to introduce an overview prepared by Harris Kyriakides LLC in regard to the Cyprus oil and gas regulations. The overview, which features in the 2014 multi-jurisdictional guide of Practical Law – Energy - Read More...
By Michael Kyriakides
Council adopts European Account Preservation Order
The Council of the EU adopted yesterday the regulation establishing a European Account Preservation Order. As mentioned in our previous posts, by means of this mechanism a creditor will be able to obtain from - Read More...
European Commission tightens key EU corporate tax rules
The European Commission has put forward certain amendments to key EU corporate tax legislation, in order to significantly reduce tax avoidance in Europe. The proposal will address deficiencies in the Parent-Subsidiary Directive, which may - 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...
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...