Insights
Insightful Perspectives with Meaningful Impact
EU proposal for a European Bank Account Preservation Order
The European Commission has recently proposed to introduce an EU-wide freezing order known as a European Account Preservation Order (EAPO) to ease the recovery of cross-border debts for both citizens and businesses. The Regulation would - Read More...
Cyprus’s Parliament passed a bank tax
Cyprus’s parliament on Thursday passed legislation imposing a 0.095 percent tax on deposits of banking institutions, saying part of it would help create a financial stability fund. Lawmakers passed the government bill unanimously. The measure - Read More...
New EC law on payment terms
The European Commission has published its new directive (2011/7/EU) which seeks to tackle late payment in commercial transactions. This alert is relevant to anybody buying or selling goods or services. For sellers the directive might - Read More...