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The Legal 500 Hall of Fame Icon The Legal 500 Hall of Fame highlights individuals who have received constant praise by their clients for continued excellence. The Hall of Fame highlights, to clients, the law firm partners who are at the pinnacle of the profession. In Europe, Middle East and Africa, the criteria for entry is to have been recognised by The Legal 500 as one of the elite leading lawyers for seven consecutive years. These partners are highlighted below and throughout the editorial.
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Cyprus > Legal Developments > EU & Competition > Law firm and leading lawyer rankings


Press releases and law firm thought leadership

This page is dedicated to keeping readers informed of the latest news and thought leadership articles from law firms across the globe.

If your firm wishes to publish press releases or articles, please contact Shehab Khurshid on +44 (0) 207 396 5689 or


Article - EU commission proposal on E-commerce

February 2017 - EU & Competition. Legal Developments by Kinanis LLC.

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Article - European Commission proposes new VAT rules to support e-commerce and online businesses in the EU

On 1 December 2016, the European Commission has published proposals to improve the Value Added Tax (VAT) environment for e-commerce businesses in the EU. Particularly, the proposed changes, aiming to allow start-ups and SMEs, to buy and sell goods and services more easily online.


December 2016 - EU & Competition. Legal Developments by Soteris Pittas & Co L.L.C.

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The European Court of Justice (‘ECJ’) in the Gazprom Case (2015) held that anti-suit injunctions issued by arbitral tribunals in relation to the pursuit of Court proceedings within the EU, are not incompatible with the Brussels Regulation. The ECJ held that the BrusselsRegulation does not prevent a Court in an EU Member State from recognizing and enforcing an award containing such an anti-suit injunction, either pursuant to national law, or the New York Convention.

The Commonwealth – A new pathway?

Following the unprecedented referendum of the 23rd 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. 


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: 

Cyprus The european account preservation order regulation

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. 


In all cases, where Russian Banks have claims against Russian citizens, pursuant to loan agreements, or guarantees, the Russian Banks shall arrange, before the filing of any civil action in Russia, against the said individuals to assign in writing such claims to Cypriot companies (SPV's) in order to meet the requirements of the provisions of the Bilateral Treaty, between Cyprus and Russia, regulating the direct recognition and enforcement of Russian judgments in Cyprus. By doing so the holder of the Russian judgment, will be a judgment creditor, residing in Cyprus, and it will have the right, under the above Treaty, to file directly its application for recognition and enforcement before Cyprus Courts, and not through the competent Authorities stated in the Treaty (i.e. which mechanism causes delay, and serious problems, in obtaining by the judgment creditor, of freezing injunctions to secure the payments of such Russian judgments).


Competition Law in Cyprus - 2010

August 2010 - EU & Competition. Legal Developments by Michael Kyprianou & Co.

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Competition Law in Cyprus is changing dramatically in order to tackle the fight against cartels, possibly the most serious form of competition law violation. Alterations in Cyprus are incorporating the changes in EC Competition Law.

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