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Legal Developments by:
C.D. Messios LLC

Legal Developments in Cyprus

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • How to lodge a claim as a creditor of a Cypriot company in a compulsory liquidation

    Our international commercial litigation team recently acted for a significant number of creditors, involving high profile international commercial and investment banks and finance houses in applications for proofs of debt against a Cypriot Holding company under compulsory liquidation. The Cypriot Holding Company is part of a non EU based group engaged in heavy machinery utilisation and the aggregate amount of debts which were defaulted by the said company (and owed to the creditors represented by our firm) exceed 350 million Euros. The identified creditors were invited to submit their proofs to the liquidator and our team undertook to prepare and verify the details of each claim and to submit those for the purpose of assessment by the liquidator. Based on our recent experience we have drafted this memo which we believe will help identifying the issues relating to proofs of debt.
  • ICLG:International Arbitration Cyprus 2016

    The only requirement under the main laws applicable to arbitration (see below) is that the arbitration agreement has to be a written agreement to submit present or future disputes to arbitration and, under common law principles, this agreement has to be clear and certain.  Read more...
  • THE RIGHT OF PREFERENTIAL LIEN ON LOAN AGREEMENTS

    It is commonly accepted that our modern society requires us to possess a relevant knowledge on bank accounts and loan agreements.  However, how feasible is it for an average person to understand the dangers of a ‘simple' loan agreement?  The legal system of a democratic country ensures the equal treatment between parties and provides support where it is essential. Specifically, it is vital to emphasise a hidden term contained within loan agreements by which the banks maintain a very powerful right against innocent debtors. This right is namely preferential lien.
  • Internet Hyperlinks and Copyright Holders

    Rapid technological developments and globalisation have brought new challenges and it may be that situations arise which were not previously encountered and/or explored. All the areas of the Law have been affected including - of course - Intellectual Property.
  • The Commonwealth – A new pathway?

    Following the unprecedented referendum of the 23 rd of June 2016, in which UK voted to leave EU, and within the newly established environment, all countries will now try to define the way forward as far as the status of their relationship with the UK is concerned. 
  • Corporate Governance Review - Sixth Edition - Cyprus

    Corporate governance is relevant to both private and public companies. Nevertheless, this
  • Enforcement of Arbitration Awards in Cyprus – recent developments

    Constantine Lambrianides The global financial crisis of 2008 has generated a substantive amount of financial disputes between multinational and international entities. A much favoured method of resolving such disputes is through Arbitration proceedings. The merits of Arbitration are not going to be explored in this article. Suffice it to mention that cost, speed and privacy are the main reasons why parties opt for arbitration as a preferable mode of dispute resolution.
  • The Dispute Resolution Review

    Cyprus became an independent and sovereign republic on 16 August 1960. Before that it was a British colony and many features of the British legal system have remained embedded in the judicial system of Cyprus.  Read more...
  • Entire Agreement Clauses – Importance and incorporation

    This article aims to provide guidance in relation to the implementation of an Entire Agreement clause when negotiating a contract, and outline what must always be taken into consideration in order to effectively incorporate this type of clauses into a contractual agreement.
  • RELOCATING TO CYPRUS – OBTAINING CYPRUS TAX RESIDENCY

    Introduction