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”) was until recently the only instance that the Supreme Court of Cyprus had the chance to adjudicate on matters relating to the jurisdiction of the Cypriot Courts to issue…
Click here to download the article in PDF format
Click here to download the article in PDF format
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 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…
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 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…
Click here to download the article in PDF format
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…
Click here to download the article in PDF format
