Directors exercise extensive powers in the management of their companies, influencing their company's conduct, by virtue of their involvement in the decision making process.

The registration and enforcement of an Ukrainian judgment, in the Republic of Cyprus, is regulated by the provisions of the Bilateral Agreement, between Cyprus and Ukraine (Law 8 (III)/2005 ("the Treaty").

Cyprus, has adopted the Anglo-Saxon legal system which allows most of English cases to be cited in Cypriot Courts.

The use of a large number of Cypriot Companies as vehicles for carrying out joint ventures, led JV Partners to enter into Shareholders Agreements or JV Agreements, sometimes, without fully understanding the consequences, of their contractual arrangements, and especially and most importantly, the interplay, between the Company’s memorandum and articles of association on the one hand, and a shareholders agreement on the other.

This Memo, examines this dynamic in the context of a Cypriot Company, and aims to give some light, on what parties must do, and what risks, must avoid.

The Council of Ministers of the Republic of Cyprus, on 19 March, 2014, revised the criteria for providing Cypriot citizenship to high-net worth individuals.

The Courts approach, where doubts arise about a particular company’s residence status, is to ask the following questions.

Cyprus has for the past years successfully attracted foreign investment by tax effective holding company regime.

There are two tiers of courts in Cyprus, i.e., the Supreme Court and the subordinate courts.

Commercial fraud is not a cause of action in itself.

Cyprus Courts, have jurisdiction to issue any interim order, in all cases, in which it appears to the Court, just and convenient to do so, provided that the following conditions are satisfied by the applicant/plaintiff:

The Law has been prepared by hundreds of specialists whose sole aim was to cut off all old legal algorithms, which helped to optimize taxation...

Registered Alternative Investment Funds (‘'RAIFs''), in the form of Common Funds or Fixed/Variable Capital Investment Companies which are subject to the provisions of the Companies Law CAP. 113...

Asset protection is the adoption of advance planning strategies which place one’s assets beyond the reach of future potential creditors or other claimants.

Cyprus Courts, have jurisdiction to issue any interim order, in all cases, in which it appears to the Court, just and convenient to do so, provided that the following conditions are satisfied by the applicant/plaintiff:

The new procedure will apply to remunerated employees, domestic employees, self –employed and seasonal employees, family members of a Cypriot and visitors.

Since December 1980, Cyprus has been a contracting party to the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards.

In pursuit of strengthening the ties with all Gulf countries, on 9 March, 2015 Cyprus and Bahrain signed a Double Tax Treaty agreement.