The Cyprus Securities and Exchange Commission ("CYSEC") has recently issued Directive DI144-2007-11 of 2011 on "Supplementary Supervision of Investment Firms in a Financial Conglomerate".

In the Memorandum of Understanding it agreed with its international creditors in Spring 2013 the Cyprus government undertook to put in place an effective system for the enforcement of security over mortgaged land.

Recent amendments to Cyprus's Transfer and Mortgage of Immovable Property Law have introduced significant changes to the auction procedure for mortgaged properties. These legislative updates extend debtor rights by allowing more time to challenge mortgage debt and establishing mandatory minimum reserve prices for all property auctions. The reforms aim to strengthen protections for debtors facing foreclosure proceedings.

An article authored by Athina Evagorou, Associate at Elias Neocleous & Co LLC, highlights the practical implications provided by the introduction of Article 44Θ of the Transfers and Mortgages Law N. 9/1965...

In a recent case in which our office has been acting on behalf of the principal debtor/mortgager and its guarantor the powers of an out of court appointed Administrator/Receiver as per a floating charge have been questioned.

One of the major problems that Cyprus faces throughout the years is the inability of property buyers to obtain Title Deeds as a result of developers who have previously mortgaged the land on which the property was built.

Announcement Of The Registrar Of Companies To Clarify The Registrability Of Pledges And Other Charges.

On 8 July the Cyprus parliament approved a package of legislative measures aimed at creating market security, stability and growth, and strengthening the legal framework to deal with non-performing loans.

Under Cyprus Law, a pledgee, in the event of default of the pledgor, may:...

A bill under the name "Lawregulating the activities of portfolio investor companies of 2015", has been drafted by the Central Bank of Cyprus and is set for approval by the Parliament by the end of September 2015.

On 02/08/2019, the Parliament has passed the Transfer and Mortgage of Property (Amending) (No. 4) Law of 2019 (the "Amending Law of 2019")

In a unanimous judgment given on the 12th of June 2025, the Supreme Court of Cyprus reaffirmed that a mortgage creates an autonomous primary obligation, independent of the lender's ability to prove a debt against the mortgagor personally.

On 17.12.2020, the Parliament adopted the amendment of the Transfer and Mortgage of Property (Amending) (No. 2) Law of 2020 (the "Law") with 31 votes in favour and 17 against.

AGP Law can offer a range of legal services to shipping companies and ship management companies, including: Formation and Registration of Shipping Companies: We can assist with the formation...

There are certain cases in which a buyer of immovable property can be led into a very unpleasant situation. In particular, these are the cases where a buyer has accomplished all of his contractual...

In the end of June 2025, Cyprus' House of Representatives approved crucial amendments to the Immovable Property (Transfer and Mortgage) Law.

Mortgages on vessels are a common practice in the maritime/shipping industry and can be an effective way for shipowners to obtain financing for their vessels. Cyprus, as a popular maritime nation...

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).

The current debate regarding new legislation to streamline the procedure for the forced sale of mortgaged property illustrates the role of the courts in reviewing proposed legislation.

The amended Sale of Property (Specific Performance) Law (Law N. 132/(I)/2023) came into force on 12/12/2023, aiming to protect buyers' interests...