PUBLICATIONS 2017
THE EU LIST of non-cooperative tax jurisdictions
Wednesday, 27 December 2017 11:05THE EU LIST of non-cooperative tax jurisdictions During their meeting in Brussels on the 5th December 2017, the Finance Ministers of EU Member States agreed the first ever EU list of...
CYPRUS: VAT LAW AMENDMENT
Tuesday, 12 December 2017 08:50CYPRUS: VAT LAW AMENDMENT On the 3rd of November 2017 the Cypriot Parliament amended the VAT Law which relates to the building land taxation in order for same to comply with the provisions of...
CYPRUS: The Cypriot Admiralty Court does not have jurisdiction to issue a warrant of arrest of a ship in aid and/or in support of an international commercial arbitral case
Tuesday, 05 December 2017 08:56CYPRUS: The Cypriot Admiralty Court does not have jurisdiction to issue a warrant of arrest of a ship in aid and/or in support of an international commercial arbitral case. Law 101/87 on the...
Cyprus: Tax residency amendment
Thursday, 23 November 2017 12:53Cyprus: Tax residency amendment The Parliament of Cyprus has approved on the 14th of July 2017 a bill which grants tax residence status to persons who have spent at least 60 days in Cyprus...
LAW, AMENDING THE RIGHTS OF PERSONS ARRESTED AND DETAINED ACT OF 2005 AND 2014 22(I)/2017
Friday, 17 November 2017 08:56LAW, AMENDING THE RIGHTS OF PERSONS ARRESTED AND DETAINED ACT OF 2005 AND 2014 22(I)/2017 The above law is amended pursuant to Directive 2013/48/EU on the right of access to a lawyer in...
CYPRUS: District Court of Limassol dismisses originating application for cross examination of an affiant with regards to enforcement and registration of an arbitral award
Tuesday, 31 October 2017 09:27CYPRUS: District Court of Limassol dismisses originating application for cross examination of an affiant with regards to enforcement and registration of an arbitral award Τhe District Court...
CYPRUS: Does the principle of res judicata apply to arbitral awards?
Friday, 20 October 2017 10:09CYPRUS: Does the principle of res judicata apply to arbitral awards? In the case of Cruz City 1 Mauritius Holdings v Arsanovia Limited, the Applicants filed an application for the...
CYPRUS: Personal criminal liability when issuing a cheque on behalf of the company
Wednesday, 11 October 2017 10:48CYPRUS: Personal criminal liability when issuing a cheque on behalf of the company A bouncing cheque (see Art. 305A Criminal Code - Chapter 154) is an offence of strict liability for its...
CYPRUS: A decision of English Court recognizing an arbitral award, cannot be recognised and enforced in Cyprus
Thursday, 05 October 2017 12:00CYPRUS: A decision of English Court recognizing an arbitral award, cannot be recognised and enforced in Cyprus It has been held by the Cypriot Supreme Court that an arbitration award obtained...
Cyprus: The Amendments to the Companies Law Cap 113
Tuesday, 26 September 2017 10:13Cyprus: The Amendments to the Companies Law Cap 113 The House of Representatives has approved the amendment to the Companies Law Cap 113 by passing the Law 51(Ι) of 2017, which transposes the...
CYPRUS: Recent development shows a willingness of Cypriot Courts to issue orders permitting the use of different methods of substitute service
Wednesday, 20 September 2017 09:16CYPRUS: Recent development shows a willingness of Cypriot Courts to issue orders permitting the use of different methods of substitute service Recently the Cyprus Courts have permitted for...
CYPRUS - Amendments to the Advocates (Amendment) Law of 2017, Law 92(I)/2017
Thursday, 07 September 2017 12:25CYPRUS - Amendments to the Advocates (Amendment) Law of 2017, Law 92(I)/2017 Significant amendments have been made to the Advocates Law which is the law that regulates the legal profession in...
Cyprus: The implementation of the EU posted workers directive
Monday, 28 August 2017 11:30Cyprus: The implementation of the EU posted workers directive The Republic of Cyprus has implemented the EU Directive 2014 on the posting of workers whereby employers (for example EU...
CYPRUS: The automatic increase in child support is not unconstitutional
Thursday, 03 August 2017 11:15CYPRUS: The automatic increase in child support is not unconstitutional It had been recently held by the Supreme Court that automatic increases in child support is not unconstitutional by...
Cyprus: Risks for advancing money by way of a loan and the protection offered by the Quistclose trust
Tuesday, 25 July 2017 12:26Cyprus: Risks for advancing money by way of a loan and the protection offered by the Quistclose trust The rule in relation to money advanced by way of a loan, is that generally they become...
CYPRUS - TAX UPDATE – TAX RESIDENCY RULES TO BE AMENDED
Wednesday, 19 July 2017 11:21CYPRUS - TAX UPDATE – TAX RESIDENCY RULES TO BE AMENDED On 14th July 2017, the Parliament of Cyprus unanimously approved the bill that gives the right to an individual to be considered as tax...
CYPRUS: General Guidance on aspects of breach of contract issues before pursuing litigation
Thursday, 13 July 2017 14:49CYPRUS: General Guidance on aspects of breach of contract issues before pursuing litigation Before pursuing to litigation, issues that may be raised from an early stage and which relate to...
CYPRUS: Guidance from the Supreme Court on the responsibility of directors of companies as to the issue of unpaid cheques
Wednesday, 05 July 2017 15:01CYPRUS: Guidance from the Supreme Court on the responsibility of directors of companies as to the issue of unpaid cheques In the particular case the First Instance Court ruled that the...
CYPRUS: Guidance on the issue of independency of expert witnesses
Wednesday, 21 June 2017 10:33CYPRUS: Guidance on the issue of independency of expert witnesses The well-known aspect of independence and objectivity in expert witness has once again been confirmed in the recent case of EXP...
CYPRUS: The Arbitration Court in Stockholm rejects the appeal against the Cyprus’ 2013 recapitalization
Friday, 16 June 2017 09:23CYPRUS: The Arbitration Court in Stockholm rejects the appeal against the Cyprus’ 2013 recapitalization The basis of the initiation of the arbitration proceedings had been made by two...
The amended law on Specific Performance relating to Property Sales
Wednesday, 07 June 2017 09:00The amended law on Specific Performance relating to Property Sales Recently, the law of Specific Performance relating to Property Sales of 2017 has entered into force and has amended article 12...
Cyprus - Dispute Resolution – Commercial Court
Monday, 15 May 2017 14:47Cyprus- Dispute Resolution – Commercial Court Minister of Justice, Mr. Ionas Nicolaou and Members of Supreme Court had decided for the Commercial Court to be set up and become operational from the...
Cyprus – Tax –Notional Interest Deduction (the “NID”) and Circular 2016/10
Tuesday, 25 April 2017 10:30Cyprus – Tax –Notional Interest Deduction (the “NID”) and Circular 2016/10 The NID rules have been introduced into our legal system in 2015 and provided that the corporate entities, including...
Cyprus – Tax-Immovable Property Tax Law
Thursday, 09 February 2017 08:39Cyprus – Tax-Immovable Property Tax Law On 14 July 2016, the House of Representatives approved changes to the Immovable Property Tax Law (the “Law”). The amendments, which were published in the...
Cyprus – Commercial Law - Promissory Notes
Tuesday, 24 January 2017 15:18Cyprus – Commercial Law - Promissory Notes A promissory note is an unconditional promise made in writing by one person to another signed by the maker, engaging to pay on...
Cyprus: Issuance of electronic disclosure by the Cypriot Courts
Monday, 16 January 2017 12:16Cyprus: Issuance of electronic disclosure by the Cypriot Courts The issuance of a Norwich Pharmacal Order for the disclosure of documents and information, is an important tool in...
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