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We are pleased to announce that on 31 December 2012 C.D. Messios has, on behalf of an exclusive Binary Trading company, Ouroboros Derivatives Trading Limited, secured one of the first Cyprus Investment Firm ("CIF") licenses to be issued by the Cyprus Securities & Exchange Commission ("Cysec") to this effect.- C.D. Messios LLC
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The firm proudly celebrated in November 2014 the launching of the much-anticipated expansion of their offices with a festive opening party. Read more...
Danos & Associates has recently obtained a Court Judgment against a foreign couple who are trespassing onto the land owned by a Greek Cypriot refugee in the occupied northern part of Cyprus. The Court ordered the defendants to demolish any buildings they have erected on the land, surrender the property to the claimant and pay damages for trespass and for the violation of the claimant's human right to property.
Danos & Associates has recently established a co-operation with a leading Chinese law firm based in Beijing and with offices at several other major Chinese cities. Our firm, with the assistance of our partners in Beijing, is organising and will make a presentation in Beijing to a Chinese audience about Citizenship by Investment in Cyprus.
It has been around one year and a half since the Eurogroup decisions to recapitalise Bank of Cyprus via a bail-in on 25 th of March 2013. Cyprus has worked hard since then to exit the financial crisis and to maintain its status and reputation as an international financial centre. Within October 2014, several positive developments which took place suggest that Cyprus is on a good path.
First uploaded on the International Bar Association's Anti-Money Laundering website.
Corporate governance concerns all types of companies, both private and public. However, this chapter will focus on corporate governance rules, applicable to public limited companies listed on the Cyprus Stock Exchange ("CSE").
Having being a British Colony, Cyprus has adopted the Anglo-Saxon legal system, which is based on the Common Law. One of the English legal doctrines, adopted by Cypriot Courts, is the doctrine of forum non conveniens, which gives them a discretionary power to stay proceedings, brought before Cyprus Courts, in favour of the courts of another jurisdiction, which they consider the more natural forum, for the trial of the action. The legal principles regulating the exercise of such discretionary power were set out by Lord Goff in SPILIADA MARITIME CORPORATION -v- CANSULEX (1987) AC 460 at page 476:
On the 25 July 2011, the European Commission released the proposed European Account Preservation Order (EAPO) Regulation (" the EAPO Regulation "), which has been submitted for consideration by the European Parliament, and the Council of European Union.
APPOINTMENT OF NEW LAWYERS - AWARD FOR ELENI POPHAIDES
It is a fundamental principle of Cyprus Company Law that a limited liability Company has a legal personality and identity which, is separate from its shareholders, or directors, and that it is a separate legal entity, having separate rights and liabilities.