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Legal Developments - Law Firm Thought Leadership by PHC Tsangarides LLC - Advocates & Legal Consultants

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CYPRUS INVESTMENT PROGRAM

PHC Tsangarides LLC - Advocates & Legal Consultants | April 28, 2020

As apart of its policies aiming to further encourage Foreign Direct Investment andto attract high net worth individuals to settle and do business in Cyprus theCouncil of Ministers, on the 13th ofSeptember 2016, revised the “CyprusInvestment Program” and, thus, established the new criteria and termsbased on which non–Cypriot entrepreneurs/ investors and members of theirfamilies may submit …

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Cyprus Rent Control Act 1983 amendments introducing a fast track eviction for non-paying tenants

PHC Tsangarides LLC - Advocates & Legal Consultants | April 28, 2020

The Republic of Cyprus on the 31stof January 2020 has passed a much needed amendment in the Cyprus Rent ControlAct 1983 (Amendment 3(1)/2020) providing landlords the necessary tools torecover any unpaid rents but most importantly evict a non-paying tenant using afast track method.

Coronavirus and its impact on commercial contracts: is it a force majeure event?

PHC Tsangarides LLC - Advocates & Legal Consultants | April 28, 2020

With the worldwide spread of coronavirus (covid-19), its declaration by the World Health Organisation as a pandemic and the uncertainty surrounding the current situation, businesses and individuals have been forced to navigate the challenges brought on by the rapid spread of the virus, its impact on their daily lives, freedoms and economic stability, while complying …

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