The Legal 500

Legal Developments in Cyprus

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Employment & Labour Law - Cyprus Chapter

    The Labour Law in Cyprus consists of both statute law and case law. In order to determine the exact nature of the relationship between employers and employees and the rights and obligations of each side, one needs to examine the relevant statutes, legal precedents created by case law and contractual obligations agreed expressly or impliedly between the parties Normal 0 false false false EN-GB X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-parent:""; mso-padding-alt:0cm 5.4pt 0cm 5.4pt; mso-para-margin:0cm; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman","serif";}
  • New CEO for the Bank of Cyprus

  • Binary Options

    Ioanna Solomou, advocate of the firm and Lambros Soteriou, advocate and partner of the firm prepared an article relating to binary options. After following a detailed investigation and taking into consideration the extend that the European Member States classify and regulate binary options, the Cyprus Securities and Exchange Commission ("CySec") on the 3 rd of May 2012 announced that binary options will be considered as financial instruments, which fall within the scope of law, and therefore will be regulated.

    Ioanna Solomou, advocate of the firm, and Lambros Soteriou, advocate and partner of the firm, prepared an article about the duties of the directors of a Cyprus company to keep management files. The duties of a director under Cyprus law are not exhaustively codified; they are a combination of statutory duties, common law principles and the duties contained in every Company's Articles of Association. 

    Ioanna Solomou, advocate of the firm and Lambros Soteriou, advocate and partner of the firm, prepared an article regarding  the freedom to provide investment services and/or perform investment activities in a third country.
  • President of Cyprus commits to compensating depositors who suffered haircuts

    Cyprus will compensate Russian bank depositors who suffered haircuts to their deposits, as a result of the recent measures taken in order to comply with the terms of the Island's €10 billion bailout, said  President Anastasiades.
  • Progress being made at Bank of Cyprus

  • Cyprus Flag; A Flag of Progress and Quality

    In the small island of Cyprus "shipping is almost as old as time itself." With an ideal geographical location at the crossroads of Europe, Asia, Middle East and Africa, Cyprus is constantly striving for perfection in the field of merchant shipping.
  • The International Comparative Legal Guide to: Corporate Governance 2013 - Cyprus Chapter

    A practical cross-border insight into corporate governance. This article appeared in the 2013 edition of The International Comparative Legal Guide to: Corporate Governance; published by Global Legal Group Ltd, London. 
  • Real Estate & Property in Cyprus

    Cyprus's strategic location in the eastern Mediterranean at the crossroads of Europe, Asia, the Middle East and Africa, its reliable and transparent legal system, combined with its membership of the EU, its excellent infrastructure coupled with reliable communication with all parts of the world, its relatively low cost of living, excellent climate and the friendliness and hospitality of its people, are just some of the factors that make the island attractive to foreign investors.