GOVERNMENT EASES IMPORT RULES FOR EQUIPMENT IN LARGE-SCALE INVESTMENT PROJECTS: WHAT HAS CHANGED AND HOW IT WILL WORK
On 9 September 2025, the Government approved amendments to the Procedure for importing new equipment (machinery) and components into the customs territory of Ukraine and their targeted use, which are imported by an investor with significant investments exclusively for their own use in the implementation of an investment project with significant investments in accordance with …
Redomiciliation and Talent empowers Cyprus’ Shipping Sector
Cyprus is one of Europe’s most attractive maritime centres, a jurisdiction that offers not only a reputable flag, but a complete package for shipowners, ship managers, and maritime investors. Through targeted initiatives, the Government has developed a framework that combines competitiveness, certainty, and a commitment to sustainable shipping.
The New Civil Procedure Rules in Cyprus: Into a Brighter Litigation Landscape
Two years have passed since the introduction of the new Civil Procedure Rules (CPRs) on 1st of September 2023. All proceedings initiated after that date now fall under the scope of the new CPRs, while ongoing cases prior to that date remain subject to the old CPRs. By mirroring the English CPRs content and spirit, …
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Sanctions Compliance in Cyprus: Guide to the National Sanctions Implementation Unit (ΕΜΕΚ – NSIU)
Purpose and Legal Framework Law 150(I)/2025 establishes the National Sanctions Implementation Unit (NSIU) within the Ministry of Finance to ensure the effective application of: Restrictive measures of the EU (based on Article 215 TFEU), UN Security Council sanctions (under Chapter VII of the UN Charter), National Sanctions (see Part VI of the Law). It responds …
Preserving Assets and Justice: Interim Orders in Cyprus Explained
Obtaining Interim Relief in Cyprus Cyprus is a premier jurisdiction for obtaining interim relief, with a robust legal framework that caters to both domestic and international disputes. This guide explores the extensive array of interim orders available in Cyprus, including their legal foundations, procedural requirements, and practical applications. Whether you are a foreign lawyer or …
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Cyprus Court Dismisses $50M Order in Crypto Tokenization Dispute
Economou & Co LLC, together with leading counsel Marcos Dracos KC, successfully represented eight defendants in the first major case before the Cypriot Courts involving crypto tokenization in commodity trading. The claimants had obtained an ex-parte freezing order against several defendants. Following full adjudication, the District Court of Limassol dismissed the application and discharged the freezing …
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Historic Judgment: Arbitral Award Recognized Against Sovereign State in Cyprus
We are pleased to announce a significant victory in our international arbitration and enforcement practice. In a judgment issued on 14 July 2025, the District Court of Nicosia recognized and declared enforceable a foreign arbitral award of approximately USD 19 million against a sovereign state. This case is of particular legal significance, marking the first …
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Balancing Risks and Responsibilities in Providing Medical Services
Global Vietnam Lawyers would like to introduce our valued readers to an article by Mr. Do Duc Anh titled “Balancing Risks and Responsibilities in Providing Medical Services” published in The Saigon Times, No.42-2025 (1.818) on October 16, 2025. *** In an era where the “win-win” approach to business cooperation is widely embraced, some enterprises still opt for a self-serving path—securing …
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Indian Subsidiaries in the Transaction Perimeter: Key Issues in Cross-Border M&A
Authored By: Moksha Bhat (Partner) and Shreya Bhukhmaria (Associate) Introduction As one of the world’s fastest-growing major economies, India is increasingly becoming an important jurisdictional touchpoint for cross-border M&A deals. The focus of this note is on instances where there is an indirect acquisition of an Indian subsidiary on account of a transaction that …
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A law has been adopted that allows booking men who are not registered or are wanted by the TCR
On October 9, the deputies adopted a law that provides for the possibility of booking men liable for military service who are not registered or are wanted by the TCR (draft law No. 13335).