Over the past few years the Cyprus Department of Merchant Shipping (DMS) has issued a number of orders and circulars informing owners, operators and managers of ships flying the Cyprus flag of restrictions on trade with Libya arising from sanctions imposed by the European Union.

The Cyprus Department of Merchant Shipping has announced that, following the lifting of the arms embargos previously imposed by the United Nations and the European Union on Ivory Coast and Liberia...

Haloumi cheese is considered one of the emblematic food products of Cyprus, with exports amounting to 194,3m Euros in 2018.

The Russia & CIS Desk is aimed at providing high quality services to Russian and CIS clients in Cyprus, while coordinating Deloitte's support for Cypriot and international clients in Russia and other countries in the region.

The November edition of the Great Britain – Cyprus Business Gazette features an article by Senior Associate, Kyriaki Stinga.

Cross-border parental responsibility disputes raise complex questions of jurisdiction, particularly where children have become settled in another country. The Cyprus Court of Appeal recently examined whether Cypriot courts had jurisdiction over four children who had relocated to Germany, where they were living, attending school, and integrating socially.

The European Union has adopted its 21st package of restrictive measures against Russia, introducing significant new sanctions targeting the financial sector, crypto-assets, energy industry, and shadow fleet operations.

On 6 November 2018 Namibia was removed from the EU's list of non-cooperative tax jurisdictions by a decision of the Economic and Financial Affairs Council, which considered that Namibia has made sufficient commitments at a high political level to address EU concerns.

Cyprus is investigating whether subsidiaries of the Essar Group may have breached or circumvented EU sanctions through transactions with Russia's VTB Bank. The probe centers on allegations that debt obligations were strategically moved from Cyprus to Mauritius in 2022, potentially to avoid sanctions restrictions.

On 14 July 2017 the Government Gazette published the Law which approved the partnership agreement on relations and cooperation between the European Union and its member states...

The law obliges every person or entity in the Republic of Cyprus to abide by and comply with all sanctions or restrictive measures imposed by resolutions of the United Nations Security Council or the European Union.

During a recent session of the Parliamentary Committee on Trade, a proposal was discussed to cancel fines totalling €14 million that were imposed for delays in submitting Ultimate Beneficial Owner (UBO) information.

The timing of the seminar was particularly apt given the trade and financial opportunities that will exist for Cyprus as a result of BREXIT.

A Cyprus Appellate Court has ruled that a Certificate of enforceability under Article 54 of EU Regulation 44/2001 confirms the issuing court's verification that the judgment falls within the regulation's scope. The court followed European Court precedent establishing that enforcement procedures preclude subsequent review by the addressed Member State's courts regarding whether the underlying action falls within the regulation's ambit.

According to the provisions of the third Greek bailout, the withholding tax of 26% is abolished for countries with "privileged tax regime" in which Cyprus was included.

The Department of Merchant Shipping ("DMS") has adopted a new procedure for informing interested parties of United Nations economic sanctions and European Union restrictive measures in the field of merchant shipping.

The US Attorney for the Southern District of New York has issued a press release, providing details of the arrest in Cyprus of Arthur Petrov a Russian-German national in August 2023 for the purposes.

Maria Kyriacou, head of our firm's Nicosia office, will be one of a distinguished line-up of speakers at a conference titled "Russia and Cyprus: lessons from the crisis and the prospects for cooperation"...

During the last year, sanctions and restrictive measures have been imposed against a number of financial institutions, entities and individuals. Regulators and authorities in Cyprus...

As part of a press conference setting out the various strands of work conducted by the Cyprus Securities and Exchange Commission, information has been provided on sanctions enforcement.