142 results found

Why Fiduciary Services Are The Key To Unlocking Cyprus Company Growth?

The directors owe a residual duty, said to be a duty "in equity" short of a fiduciary duty, to give to shareholders sufficient information for them to make an informed decision about proposals to be put to them at a company meeting.

As part of the measures taken by the Cypriot government to support companies/businesses affected by the restrictive measures which have been imposed in order to contain the spread...

In two recent cases the Limassol District Court has held that the statutory right of a shareholder to petition for the winding-up of the company in which it is a member cannot be excluded and/or waived by shareholder’s agreement.

On the 10th of February 2022, CySEC published a new Circular C487 redefining the threshold criteria for determining which Cyprus Investment Firms (CIFs) are considered as ‘Significant CIF'.

According to the Cyprus Income Tax Law, a Cyprus resident individual director or shareholder

Following our legal update of 20 September 2023 (Register of Beneficial Owners – Upcoming implementation of final system solution and imposition of fines), we would like to inform our...

According to the English case of Barron v Potter [1914] 1 Ch 895 which has been cited with approval in the Cypriot 1st Instance case of RE PRINOS LAHANAGORA LTD.

During this current volatile economic era we are facing, a growing need has developed for a constant transparent dialogue between the various stakeholders and organizations.

A pledgee, under a Cypriot law pledge, who has in its possession the so called the Self-Enforcement Documents (i.e. original certificate of pledged shares, original duly signed and undated instrument

Concluding a Share Purchase Agreement (SPA) can occur either as a single-stage or a two-stage process, depending on whether execution and closing (sometimes referred to as completion) are simultaneous or distinct events.

Recently, the District Court of Paphos granted a decision in relation to the appointment of a Lawyer to act on behalf of a Company in judicial proceedings as follows...

In an attempt to encourage business people to set up their headquarters in Cyprus the government authorities at present are promoting a policy with certain legal requirements that...

Family businesses have long served as a foundation for both the global and local economy, playing a vital role in driving employment, fostering innovation, and supporting sustainable development.

Foundations are institutions intended to serve non-profit purposes and are established for the promotion of specific objectives outlined in law, including the promotion of commerce...

In October 2015 the Supreme Court made a remarking judgment which overturned the decision of the First-instance Court in relation to the innocence of two Defendants who had issued bounced cheques...

Cyprus companies' law may have been recently modernised with the latest amendment passed just a year ago, but it is still a long way away from offering a codification of directors' duties.

There certainly is increased awareness of the need for compliance and it is a product of many factors, the most important of which is the immense increase in regulation that has occurred in recent years.