The Legal 500

21 VASILI MICHAILIDI STREET, 3026 LIMASSOL, PO BOX 54708, 3727 LIMASSOL, CYPRUS
Tel:
Work +357 25 50 80 00
Fax:
Fax +357 25 50 80 32
Email:
Web:
www.aretilaw.com

Contacts
Areti Charidemou
Marina Loizou
Socrates Ellinas

Languages
English
Greek
Latvian
Romanian
Russian
Ukrainian

Member
Cyprus Bar Association
International Bar Association
International Tax Planning Association
Society of Trust and Estate Practitioners
International Fiscal Association

Number of lawyers 13

Above material supplied by Areti Charidemou & Associates LLC.

Legal Developments in Cyprus

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • The Dispute Resolution Review - Cyprus Chapter

    Cyprus became an independent and sovereign republic on 16 August 1960. Before that it was a British colony and many features of the British have remained embedded in the judicial system and in other facets of the function of the Cyprus State.
  • Interim injunctions in Cyprus for the freezing of assets and disclosure of documents and information

    The availability of interim relief is often crucial in ensuring satisfaction of any final court judgment or arbitral award. An interim injunction can ensure that property is not alienated while a case is still pending. In other cases it can level the playing field if one party (or even non-party) is restricting access to information material to the case. The ability to apply for interim relief is a vital tool for any legal jurisdiction. Cyprus is no exception. Due to its popularity as a centre for company incorporation, its legal system must also cater for the large number of companies registered on the island. Its legal regime on injunctions must be an effective one.
  • Community Trademark Conversion Procedure

    A Community Trademark ( CTM ) is a trademark and/or a trademark application which has been filed via the Office for Harmonization in the Internal Market OHIM in order to be granted protection and have effect in the whole of the European Union.
  • Patients' Rights in Cyprus

    In Cyprus,patients enjoy various rights under the Safeguarding and Protection of Patients' Rights Act of 2004,which is in force since April 2005. This Act establishes the rights of patients regarding health care, as well as the control mechanism for securing these rights.
  • Enforcement of Cyprus Share Pledges

    A security interest over shares in a Cypriot company under Cyprus law is normally established by a share pledge agreement entered into between the registered shareholder of the said shares (the “Pledgor”) and the person in whose favour the security interest is taken (the “Pledgee”). All matters related to Cyprus Share Pledges are regulated by the provisions of the Cyprus Companies Law, Cap. 113, and the Cyprus Contracts Law, Cap. 149.
  • Alternative Investments Funds Law 2014

    Cyprus implemented in its legal system the Alternative Investment Funds Law of 2014 (the “AIF Law”) in July 2014. The AIF Law replaces and repeals the International Collective Investment Schemes Law (the “ICIS Law”), which governed the international investment funds since 1999 in Cyprus.
  • The Civil Legal System in Cyprus: The Amendment of Order 30 of the Civil Procedure Rules and its Imp

    Although not verbatim embodied in the Civil Procedure Rules of Cyprus, the overriding objective of enabling the court to deal with cases justly and at proportionate cost (Civil Procedure Rules of England and Wales, Part 1.1, implementing the Jackson Reforms on 1/4/2013) is a founding doctrine of the civil legal system. The parties in a litigation dispute are required to help the court to further this principle under the guidance of the Civil Procedure Rules, a procedural code towards its advancement.
  • Purchasing Immovable Property in Cyprus

    Cyprus is an  attractive destination for foreign investors, retirees and individuals or families looking for a holiday home or a new working environment. Cyprus' accession to the European Union has made the island an even more attractive candidate for the purchase of immovable property.  ESME PALAS, an advocate of MICHAEL KYPRIANOU & CO. LLC, outlines the two most important legal issues the purchaser needs to be aware of when acquiring immovable property in Cyprus.
  • Purchasing Immovable Property in Cyprus

    Cyprus is an  attractive destination for foreign investors, retirees and individuals or families looking for a holiday home or a new working environment. Cyprus' accession to the European Union has made the island an even more attractive candidate for the purchase of immovable property.  ESME PALAS, an advocate of MICHAEL KYPRIANOU & CO. LLC, outlines the two most important legal issues the purchaser needs to be aware of when acquiring immovable property in Cyprus.
  • Cyprus Shipping and Securitization of Financing

    Shipping finance forms an inevitable part of the Cyprus shipping industry with international as well as local financing institutions playing a key-role in the shipping industry development. Under Cyprus ship financing transactions, financial obligations are usually secured by providing a mortgage on the ship or a pledge on the shares of the ship-owning company. TONIA ANTONIOU, a partner of MICHAEL KYPRIANOU & CO. LLC, examines the procedures that need to be followed.