Clear all

Refine your search

Tags
Author

662 results found

Commentary
Ask Lexy

A G Paphitis & Co | Cyprus | 23 Sep 2021

Power of attorney in Cyprus

A power of attorney can be either "general" or "specific". The main difference is that the former allows the attorney to sign any document on behalf of the principal, while the latter limits the attorney's authority to the extent specified in the power of attorney agreement. For example, a specific power of attorney may have limitations set according to the nature of the task or a time limit....
Commentary
Ask Lexy

Elias Neocleous & Co LLC | Cyprus | 24 Aug 2021

Human rights versus public health: preliminary assessment by Cypriot court

A first-instance court recently ruled on whether the obligation for Cypriot citizens to show a "safe pass" before entering specific premises was a breach of their core constitutional rights. This is the first time since the start of the covid-19 pandemic that a Cypriot court has been called on to balance the constitutional validity of restrictive measures, brought in to prevent the spread of......
Commentary
Ask Lexy

Solsidus Law | Cyprus | 9 Aug 2021

New Consumer Protection Law

The Consumer Protection Law (CPL) 2021, which recently came into force, has increased consumers' rights considerably and as such constitutes a significant reform of the previous legal regime in the field of consumer protection. There is no doubt that the implementation of the CPL will benefit not only consumers, who will enjoy an enhanced protection of their rights, but also businesses, since......
Commentary
Ask Lexy

Elias Neocleous & Co LLC | Cyprus | 21 Jul 2021

Cyprus – leading the way to top quality standards for seafarers

Seafarers have played a vital role in keeping supplies flowing throughout the past 18 months, yet many states still fail to recognise them as "key workers". In February 2021 the Cyprus Shipping Chamber, along with many international stakeholders, became a signatory to the 2021 Neptune Declaration, which principally called on all governments to echo the actions of the Cyprus government that......
Commentary
Ask Lexy

Elias Neocleous & Co LLC | Cyprus | 20 Apr 2021

Annulment of Ministry of Transport decision on concession contract provides clarity to tender parties

The Administrative Court recently annulled a Ministry of Transport decision which had awarded a concession contract to Intercity Buses. This comes after another court annulled the ministry's decision to award another concession contract to a consortium. The Ministry of Transport's pending appeal against the earlier court decision had a catalytic effect on the judgment of the Administrative Court.
Commentary
Ask Lexy

A G Paphitis & Co | Cyprus | 4 Mar 2021

Employing a holding company as a family investment company: how does it compare to a family trust?

Given the strengthening of the rules on corporate tax avoidance, individuals must consider better estate protection strategies and undertake legitimate tax and tax avoidance planning. Family trusts are deeply embedded in estate planning, but the Cyprus holding company may also be utilised as a family investment company as an alternative to a family trust. The question of which one to opt for......
Commentary
Ask Lexy

AG Erotocritou LLC | Cyprus | 19 Feb 2021

Challenging past transactions in liquidation: fraudulent preference

An effective weapon in a liquidator's and creditor's arsenal to ensure the fair and equal treatment of all creditors of a failing company is the ability to challenge past transactions that sought to favour one creditor to the detriment of others. Transactions entered into by Cyprus companies that are being wound up may be voided if they constitute fraudulent preference and took place during......
Commentary
Ask Lexy

Elias Neocleous & Co LLC | Cyprus | 16 Feb 2021

Widow's pension: unequal treatment and discrimination on grounds of gender

The Administrative Court recently ruled in a case concerning the differentiation in treatment, by law, between women and men of deceased spouses. The court held that the rejection of a man's application for a widower's pension was based on a legislative provision which was directly discriminatory against men, in that it treated men substantially differently to women by making the granting of......
Commentary
Ask Lexy

Solsidus Law | Cyprus | 1 Feb 2021

Register of beneficial owners: information available subject to request

In a recent announcement by the Department of the Registrar of Companies and Official Receiver, the effective date for the commencement of data collection regarding the details of entities' beneficial owners has now moved to 22 February 2021. The final regulations governing the publication of beneficial owners' details will likely include a 'legitimate interest' requirement where legal......
Commentary
Ask Lexy

Elias Neocleous & Co LLC | Cyprus | 1 Feb 2021

Cyprus launches UBO register

Cyprus has elevated its ultimate beneficial owner (UBO) reporting status by implementing all of the mechanisms for the creation, operation and maintenance of a UBO register. The UBO register is a requirement emanating from the amended Fourth EU Anti-money Laundering Directive, which was transposed into national legislation in 2018. According to a recent announcement by the Companies Registrar......
Previous page 1 2 3 ...