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ARTICLE · 22 MAY 2020

E-(xecuting) Documents And Closing Transactions In The Covid-19 Era

Elias Neocleous & Co LLC
Elias Neocleous & Co LLC
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Elias Neocleous & Co LLC

Elias Neocleous & Co LLC

Elias Neocleous & Co LLC (ENC) is among the largest firms in southeast Europe and the Eastern...

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The COVID-19 pandemic has instigated major challenges for businesses worldwide and has greatly disrupted international trade as many transactions have been put on hold.

CyprusCoronavirus (COVID-19)

The COVID-19 pandemic has instigated major challenges for businesses worldwide and has greatly disrupted international trade as many transactions have been put on hold. Even businesses with disaster planning policies in place have been adversely affected by the extent of the restrictions imposed worldwide.

Many companies have been forced to close their offices, or, have almost all their employees working remotely. This has raised the question, inter alia, of how to execute documents and to what extent it is possible to legally execute documents electronically; since the traditional way of conducting business and the closing of transactions via the signing of documents has become very difficult or impossible in certain occasions.

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