Arbitrators’ Challenges In International Arbitration: Insights From LCIA Decisions
Introduction In today’s global world, international arbitration is increasingly preferred due to its qualities of speed, confidentiality, and flexibility.
Squeeze-Out and Exit Mechanisms in Joint Stock Companies
A. Introduction The Turkish Commercial Code (“TCC”) No. 6102 and the Capital Markets Law (“CML”) No. 6362 regulate the right of a dominant shareholder to remove minority shareholders from a company.
Understanding the New Regulation on Aggregation Activities in the Electricity Market
The Regulation on Aggregation Activities in the Electricity Market (“Regulation”), long anticipated by the energy sector, was published in the Official Gazette on December 17, 2024 (No. 32755), and came into effect on January 1, 2025.
Extraordinary Termination of Employment Contracts: Termination Due to Suspicion
Legal Analysis The termination of suspicion is not explicitly regulated under Labor Law No. 4857 (“the Law”) but has been recognized in practice through decisions of the Supreme Court.
ESG Reporting: An agent of Change or Box-Ticking?
ESG disclosure frameworks convergence is a business accountability tipping point. As the International Sustainability Standards Board (ISSB) leads global convergence, the ultimate question persists: Will this rush toward global convergence increase sustainability practice or miss important regional and sectoral concerns?
Navigating Intellectual Property: An Introduction to Trademarks Registration
WHAT IS INTELLECTUAL PROPERTY? Intellectual Property (IP) refers to creations of the mind, such as inventions, literary and artistic works, designs, symbols, names, and images used in commerce. IP gives creators exclusive rights over the use of their creations for a certain period, encouraging innovation and creativity. There are several types of intellectual property namely trademarks, …
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Mandatory Mediation for Civil Disputes up to €10,000 in Cyprus
In recent years, the legal landscape in Cyprus has undergone transformative changes aimed at modernizing the judicial process and tackling inefficiencies that have plagued the resolution of civil disputes. Among the most significant reforms is the introduction of mandatory mediation for civil disputes involving claims of up to €10,000. This initiative is a cornerstone of …
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Amendment of the Civil Registry Law
Modernization of the Legislation and Revision of the Requirements for Obtaining Cypriot Citizenship based on years of residence in the Republic of Cyprus. The House of Representatives passed the Civil Registry Amended Law 149(I)/2023, which was published in the Official Government Gazette on December 19, 2023, with immediate effect, and amends the Civil Registry Laws …
LAW AMENDING THE SALE OF IMMOVABLE PROPERTY (SPECIFIC PERFORMANCE) LAW OF 2011 (LAW 81(I)/2011)
On the 12th of December 2023, the Law 132(I) of 2023 was published, amending, thus, the Sale of Immovable Property (Specific Performance) Law of 2011 (Law 81(I)/2011). The new Law amends the provisions regarding the submission of a contract for the sale of a property to the Department of Lands and Surveys and regarding the specific …
Intra-Group Mergers of Cyprus Companies: An Overview
Intra-Group Mergers Mergers are generally regarded as means for companies to consolidate their businesses with the main purpose to position themselves more favorably against stronger competition. Others often use a merger to establish themselves as a dominant force on a national and supranational level. Intra-group mergers, on the other hand, provide a tool for groups …
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