The Late Payments in Commercial Transactions Law, Law 123(I) of 2012, repeals the 2003 law on late payments in commercial transactions and harmonises Cyprus law with European Directive 2011/07/EU.

Minister of Justice, Mr. Ionas Nicolaou and Members of Supreme Court had decided for the Commercial Court to be set up and become operational from the beginning of 2018.

In a recent case before the Supreme Court of Cyprus, the complexities and potential risks of property transactions were brought to light

As in previous years, RSM Cyprus is proud to contribute to the European Real Estate Tax Guide, a publication by RSM International that highlights the strength of our network partnership.

The new mechanism for enforcement and recognition aims in the quick recognition and enforcement of court judgments and interim measures of protection issued by Courts of Member States in other Member States.

The Cyprus House of Representatives approved legislation, on 10 April, introducing defensive measures against payments made to entities resident in low-tax jurisdictions...

The legal framework applies to "concentrations" that result in the change of control on a lasting basis.

On 16th February 2021, the Administrative Court annulled the decision of the Ministry of Transport (hereinafter referred to as "the Contracting Authority") by which the "Concession Contract F...

Many Governments all over the world have imposed very strict measures (quarantine, travel bans/restrictions, closing of businesses, malls, theatres etc.), in order to protect their countries' populations ...

IFRS 17 was originally scheduled to be applied on or after 1st January 2021, however, the IASB has deferred the implementation date to 1st January 2022.

Following Cyprus's increasing role as an international dispute resolution center, a new Commercial Court is to be established to handle high-value commercial disputes litigated in Cyprus.

New businesses and joint ventures are often established with shared ambitions for growth and success.

Hence its implementation plays a direct effect in Cyprus.

A Cypriot 1st Instance Court decided that the issue whether a person is signatory to an arbitration agreement shall be made by the arbitrators, and not a state Court.

On the 12th of December 2023, Law 132(I) of 2023 was published, amending the Sale of Immovable Property (Specific Performance) Law of 2011 (Law 81(I)/2011).

Before addressing the reason that the drafting and reviewing stage of a contract in the Real Estate field is so crucial, it is important to outline, in simple terms, that a contract is a set ..

In Cyprus, the lifting of the corporate veil is a legal doctrine that allows the courts to disregard the separate legal personality of a company and hold its shareholders or directors...

A power of attorney can be either "general" or "specific". The main difference between the two is that the former allows the attorney to sign any document on behalf of the principal...

During the past years English courts have been willing to interpret clauses as giving exclusive jurisdiction to the English courts...

The company secretary in Cyprus serves as a mandatory officer for private limited liability companies, functioning as far more than an administrative role. This position bridges corporate governance, regulatory compliance, and operational efficiency, maintaining statutory frameworks while supporting directors in ensuring corporate actions are properly executed and recorded.