Covid-19: Legal Reflections on Virtual Closings
There is no doubt that Covid-19 represents a new challenge in all sectors of the economy, let alone the legal world. In light of this, the issue of distant or virtual closings in corporate finance transactions is revisited by Elena Georgiou, who provides practical guidelines as to how to structure the closing of a deal …
Continue reading “Covid-19: Legal Reflections on Virtual Closings”
Sponsored crisis management focus: A View From Cyprus – Carrying on in the face of the Covid-19 crisis
The legal profession has entered into an unprecedented challenging period where old habits and norms have to be questioned. In Cyprus, the system of administration of justice is yet to embrace modern reforms and law firms need to adapt and map out a strategy to survive. In light of this, Stavros Pavlou and Stella Strati provide …
Chilidescu v. Gheorghiu: Exercising Jurisdiction over Foreign Defendants
The aim of this article is to present that jurisdiction of Cyprus Courts cannot be established and Interim Orders cannot be issued against foreign defendants when the basis of the claim is not really connected with Cyprus and there isn’t a sufficient jurisdictional ground in relation to the Cypriot defendants. In doing so, it outlines, …
Continue reading “Chilidescu v. Gheorghiu: Exercising Jurisdiction over Foreign Defendants”
Potential Implications of the Quarantining to Tax Residency
Containment of the spread of the COVID-19 pandemic has prudently become a top priority for governments around the world. For this reason, quarantines, lockdowns, self-isolation measures and travel restrictions have been widely and strictly imposed on billions of people. Amidst this new state of affairs, it would be worth considering the potential implications that quarantining …
Continue reading “Potential Implications of the Quarantining to Tax Residency”
Legal implications of the COVID-19 epidemic on contractual obligations under Cyprus law
The recent outbreak of COVID-19 epidemic is currently affecting Cyprus, Europe and is becoming an emergency in most other regions of the globe. Naturally the primary focus of any business will be on ensuring the health and wellbeing of their staff. Containment measures, including lockdowns, closures of public services, disruption in travel due to restrictions …
The validity of electronic signatures under Cyprus Law – Covid19
t is widely expected that the COVID-19 (widely referred to as the coronavirus) epidemic will cause unprecedented disruption to the global economy and inevitably eventually reshape the way we conduct business. It has become evident that whilst the disruption in certain industries is widespread and chaotic, in other industries the effects can be mitigated through …
Continue reading “The validity of electronic signatures under Cyprus Law – Covid19”
Regulatory Update Alert AIFs and UCITS: New Depositary Safekeeping Rules
The Alternative Investment Fund Managers Directive (“AIFMD”) has been widely regarded by European regulators and industry players alike, as a very powerful and proficient tool, responsible for the establishment of a coherent and integrated legislative framework amongst Member States in the European Union.
The Inward Investment & International Taxation Review
Cyprus has a very advantageous environment for inward investment. Different incentives exist, able to encourage non-residents to set up a business in, or invest through, Cyprus. In a nutshell, no restrictions on foreign share ownership exist, there are no withholding taxes on dividends or interest, the sale of shares and other titles is exempt from …
Continue reading “The Inward Investment & International Taxation Review”
Arbitration Procedures and practice in Cyprus: overview
A Q&A guide to arbitration law and practice in Cyprus.
Litigation and Enforcement in Cyprus: overview
A Q&A guide to dispute resolution law in Cyprus.