Impact of EU sanctions on commercial contracts governed by Cyprus law
Cyprus legislation incorporates the sanctions regime promulgated by the United Nations and the European Union through the Law on the Implementation of Provisions of Resolutions or
Amendments to the Cyprus Companies Law, Cap. 113: streamlining cross-border conversions
Effective as of 15 March 2024, new legal provisions apply to Cyprus companies converting to companies in other EU Member States and vice versa.
Court of Appeal’s significant judgment on Rome II Regulation in Nicholls v AXA
On 27 June 2024, the English Court of Appeal delivered a judgment in Nicholls v AXA Assistance Group T/A AXA Travel Insurance [2024] EWCA Civ 718,
Constitutional Clarity: The decision of the Court of Appeal on Cyprus Law in relation to the provisions 44ΙΗ – 44ΚB of the Transfer and Mortgage of Real Estate Law of 1965 (9/1965)
A recent judicial ruling declared unconstitutional the provisions contained in the articles 44IH – 44KB of the Transfer and Mortgage of Real Estate Law of 1965 (9/1965).
Guidance from the Cyprus Court of Appeal on interim injunctions involving fraud allegations
A recent ruling by the Cyprus Court of Appeal provides key insights into the standards required for granting such injunctions, especially where fraud and conspiracy are alleged.
Obstructing the dawn raid: EU competition law expands to digital communications
The European Commission’s €15.9 million fine against IF&F signals an expanded enforcement approach,
Parliament has passed the new framework for credit managers and credit purchasers to align with European Directive 2021/2167
By a majority vote, Parliament has enacted a legislative package to align national law with European Directive 2021/2167, which establishes a unified framework for credit servicers and purchasers.
Cyprus enacts the 5th Anti Money Laundering Directive Introducing Crypto Assets
The enactment of the 5th Anti Money Laundering Directive via amendment of Law 188(I)/2007 constitutes the introduction of mandatory crypto assets regulation in Cyprus. In light of further emerging national and European regulation, a balance should be struck between initiative and consistency.
Marine Cyberattacks: Analysis of Liability and IMO 2021
Cyberattacks bear risk for shipping companies in terms of contractual liability, third party liability, and regulator violations. Such liability may be excluded or limited by complying with IMO 2021 regulations and guidelines regarding Safety Management Systems, and/or incorporating appropriate contractual clauses.
Recent Supreme Court’s judgment in relation to international child abduction: Following the exception
The recent Supreme Court’s case under the title: MINISTER OF JUSTICE AND PUBLIC ORDER (AS A CENTRAL AUTHORITY BASED ON THE LAW (Law 11 (III) / 94) AFTER AUTHORIZATION SAVVA v. GIORKATZI, E12/20/20(The Case) which was issued by the Supreme Court of Cyprusis unprecedented for the Cypriot Courts as the Court, decided although there was an abduction in term of the Convention of 25 October 1980 on …