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  • Article

    Improper Use Of Director's Fiduciary Duty In Issuing Shares - Shareholder Disputes - Company Law

    In Re Sherborne Park Residents Co Ltd (1986) 2 B.C.C. 99528 Ch (Companies Ct), Hoffmann J held that an action by a shareholder seeking to set aside an improper issue of shares...
    CyprusCorporate/Commercial Law
    Phoebus, Christos Clerides & Associates LLC
    Phoebus, Christos Clerides & Associates LLC
  • Article

    Duty In Equity To Provide Shareholders With Sufficient Information - Cyprus Shareholder Disputes

    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.
    CyprusCorporate/Commercial Law
    Phoebus, Christos Clerides & Associates LLC
    Phoebus, Christos Clerides & Associates LLC
  • Article

    Recent Developments From The Cyprus Courts On The Law Of Extradition

    On 11/07/2023, the Appeal Court in Cyprus heard a case where the Russian Federation had requested the extradition of a Russian in order to stand trial for the crime of theft of funds from the federal budget...
    CyprusLitigation, Mediation & Arbitration
    Phoebus, Christos Clerides & Associates LLC
    Phoebus, Christos Clerides & Associates LLC
  • Article

    Fiscal Agency Agreements And Trust Deeds

    A bond issue will require either a fiscal agent or a trustee. If a fiscal agent is appointed, a Fiscal Agency Agreement will be agreed.
    CyprusCorporate/Commercial Law
    Phoebus, Christos Clerides & Associates LLC
    Phoebus, Christos Clerides & Associates LLC
  • Article

    Bankruptcy Proceedings Under Cyprus Law

    With reference to the bankruptcy process, it has been decided and it has been characterised that it has a quasi-criminal nature with the aim of protecting and securing the debtor's property
    CyprusInsolvency/Bankruptcy/Re-Structuring
    Phoebus, Christos Clerides & Associates LLC
    Phoebus, Christos Clerides & Associates LLC
  • Article

    Navigating Land Lease Disputes: Insights Into Property Rental Agreements And Revision Challenges

    Rental agreements involving state-owned or leased properties often come with complexities that demand careful attention to the terms of the contract and an understanding of the legal framework governing lease revisions.
    CyprusReal Estate and Construction
    Phoebus, Christos Clerides & Associates LLC
    Phoebus, Christos Clerides & Associates LLC
  • Article

    Commercial Law: Using Bonds In Customary Form As Guarantees Under The Cypriot Contract Law Cap. 149

    In the context of Cypriot contract law, particularly under Cap. 149, bonds in customary form serve as valuable tools for facilitating financial transactions...
    CyprusCorporate/Commercial Law
    Phoebus, Christos Clerides & Associates LLC
    Phoebus, Christos Clerides & Associates LLC
  • Article

    Challenging Administrative Decisions In Public Procurement: Ensuring Fairness And Accountability

    Administrative decisions in public procurement are pivotal to maintaining transparency and fairness in awarding contracts.
    CyprusGovernment, Public Sector
    Phoebus, Christos Clerides & Associates LLC
    Phoebus, Christos Clerides & Associates LLC
  • Article

    Cyprus Supreme Court Reaffirms Mortgage Autonomy And Rejects Vagueness Claims

    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.
    CyprusLitigation, Mediation & Arbitration
    Phoebus, Christos Clerides & Associates LLC
    Phoebus, Christos Clerides & Associates LLC
  • Article

    Rethinking Excessive Formalism: The Cyprus Appeal Court's Recent Modern Approach To Recognition Of Foreign Arbitral Awards (International Commercial Arbitration)

    The Cyprus Court of Appeal has delivered an important clarification in the recent judgment given on 08/01/2025 in Marbale Universal Corp & Victor A. Pichugov v Alexey N. Ananiev et al...
    CyprusLitigation, Mediation & Arbitration
    Phoebus, Christos Clerides & Associates LLC
    Phoebus, Christos Clerides & Associates LLC
  • Article

    Corporate Insolvency Proceedings: The Right To Be Heard Reaffirmed By The Court Of Appeal

    Under section 227 of the Companies Law (Cap. 113), the Court may, after the filing of a winding-up petition and before the issuance of a winding-up order...
    CyprusCorporate/Commercial Law
    Phoebus, Christos Clerides & Associates LLC
    Phoebus, Christos Clerides & Associates LLC
  • Article

    Update On Cyprus Company Law - The Appeal Court Clarified Certain Procedural Matters In The Context Of Oppression Of Minority Proceedings

    In the Appeal Court's judgment issued recently on 12/07/2024 in the case of "REFERENCE TO THE APPLICATION OF THE APPELLANTS (MINORITY SHAREHOLDERS)...
    CyprusCorporate/Commercial Law
    Phoebus, Christos Clerides & Associates LLC
    Phoebus, Christos Clerides & Associates LLC
  • Article

    International Commercial Arbitration: Key Highlights From The Recent Appeal No. 49/2016: Unitech Limited v. Cruz City 1 Mauritius Holdings

    The recent ruling given on 13/11/2024 addresses the enforcement of a foreign arbitral award issued by the London Court of International Arbitration, shedding light on the interplay...
    CyprusLitigation, Mediation & Arbitration
    Phoebus, Christos Clerides & Associates LLC
    Phoebus, Christos Clerides & Associates LLC
  • Article

    The Binding Nature Of Court Agreements In Court Disputes

    In legal disputes, particularly in the realm of construction, agreements made before a court carry significant weight.
    CyprusLitigation, Mediation & Arbitration
    Phoebus, Christos Clerides & Associates LLC
    Phoebus, Christos Clerides & Associates LLC
  • Article

    When Innocence Is On Trial: The Need For Strong Legal Representation In Serious Criminal Cases

    The criminal justice system is designed to protect the innocent and punish the guilty, but mistakes happen.
    CyprusCriminal Law
    Phoebus, Christos Clerides & Associates LLC
    Phoebus, Christos Clerides & Associates LLC
  • Article

    Workplace Incidents: Legal Accountability And Protecting Your Rights

    Workplace safety is a cornerstone of modern employment practices, designed to protect employees and ensure efficient operations.
    CyprusEmployment and HR
    Phoebus, Christos Clerides & Associates LLC
    Phoebus, Christos Clerides & Associates LLC
  • Article

    Property Division In Marital Disputes: Insights On Asset Allocation And Contribution Recognition

    Dividing assets following a marriage dissolution is often a contentious and legally intricate process.
    CyprusFamily and Matrimonial
    Phoebus, Christos Clerides & Associates LLC
    Phoebus, Christos Clerides & Associates LLC
  • Article

    Understanding Defamation And Protecting Your Reputation In The Legal Landscape

    In today's interconnected world, safeguarding one's reputation is paramount, particularly for professionals operating in public-facing or high-stakes industries.
    CyprusLitigation, Mediation & Arbitration
    Phoebus, Christos Clerides & Associates LLC
    Phoebus, Christos Clerides & Associates LLC
  • Article

    The Era Of Eurobonds Or A Comeback Of Syndicated Loans?

    Bond issues are a primary category of transactions within capital markets, and represent a specific type of capital market instrument.
    CyprusFinance and Banking
    Phoebus, Christos Clerides & Associates LLC
    Phoebus, Christos Clerides & Associates LLC
  • Article

    The Eviction Of Statutory Tenants Due To Demolition: Legislation And Case Law

    The eviction of statutory tenants due to demolition is a significant and complex legal issue governed by the provisions of the Rent Control Law, Law 23/83, and the corresponding case law.
    CyprusReal Estate and Construction
    Phoebus, Christos Clerides & Associates LLC
    Phoebus, Christos Clerides & Associates LLC

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