Commercial Litigation Firm of the Year in Cyprus
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Recognition of our Law Firm’s Corporate Litigation Expertise
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Our Law Firm Scoring Victory for the Respondent
The unanimous judgment of the Supreme Court of Cyprus delivered in Avila Management Services Ltd e.a. –v- Frantisek Stepanek e.a. Civil Appeal 54/2012, 27/6/2012, (the “STEPANEK”) is one of the very few adjudicated applications of this nature on appellate level relating to the jurisdiction of the Cypriot Courts to issue Disclosure orders otherwise known as…
Russia Cyprus signed revised loan agreement
Russia, Cyprus signed revised loan agreement A revised Loan Agreement between the Governments of the Republic of Cyprus and the Russian Federation was signed on September 12th in Moscow by the Cypriot Minister of Finance Harris Georgiades and Russian Deputy Finance Minister Sergey Storchak. The Loan Agreement for the amount of EUR 2,5 billion is…
Russia Cyprus signed revised loan agreement
A revised Loan Agreement between the Governments of the Republic of Cyprus and the Russian Federation was signed on September 12th in Moscow by the Cypriot Minister of Finance Harris Georgiades and Russian Deputy Finance Minister Sergey Storchak. The Loan Agreement for the amount of EUR 2,5 billion is amended so that the annual interest…
Cyprus Immovable Property Tax
Cyprus Immovable Property Tax Law (“IPT Law”) All companies, organizations or individuals, either residing in Cyprus or abroad, who had immovable property registered in their name in Cyprus as at 1.1.2013, are obliged to file a Declaration (IR 303) and pay the resulting Immovable Property tax (IPT). Owners of property with a 1980 value of…
Decree
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Eurogroup statement on Cyprus
13 September 2013 Eurogroup statement on Cyprus The Eurogroup welcomes the conclusion of the Troika’s first review mission that the adjustment programme for Cyprus is on track. The Cypriot authorities have taken decisive steps to stabilise the financial sector, meet the fiscal targets and taken structural reforms forward. Because the short‐run economic outlook remains difficult…
Roadmap for the Gradual Relaxation of the Restrictive Measures
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Cyprus International Trust Law – Upcoming Legislation
The Cyprus Securities and Exchange Commission (“CySEC”) announced on the 8th of August 2013 that the Law regulating Companies providing Administrative Services and Related Matters of 2012 (”the ASP Law”), is in the process of being amended following discussions between Troika, the Ministry of Finance and all three Competent Authorities – being the Cyprus Bar…