Cyprus has notified the European Commission of the Cypriot authorities that supervise or enforce the protection of fundamental rights in relation to the use of high-risk Artificial Intelligence (AI) systems...

The acquisition of a business undertaking in Cyprus may result in the automatic transfer of employees of that undertaking to the acquiring undertaking under the Preservation...

Individuals who are not interested in the Cypriot naturalisation by investment scheme (resulting in Cyprus citizenship and a passport) may be interested in the permanent residence scheme that Cyprus offers.

Operators of essential services are private businesses or public entities with an important role in society and for the economy.

Cyprus law provides for certain localisation and disclosure requirements with respect to online purchases digital services and content.

Corporate redomiciliation is the transfer of a company into a different jurisdiction from the one it was incorporated in.

Redeemable preference shares (RPS) under Cyprus law facilitate financing in private equity and other corporate transactions.

It is often the case that the merger control regime of Cyprus requires the notification of transactions which are not directly related to Cyprus or do not prima facie raise any doubts as to their compatibility with the market in Cyprus.

Minority or deadlocked shareholders in a Cypriot company may become oppressed, defrauded or unfairly prejudiced by the controlling or majority shareholders.

Cyprus offers technology companies the potential of an effective tax rate of 2.5% on profit resulting from exploitation of their intellectual property, such as computer software, patents and other intangible assets.

Unjustified discrimination of customers in relation to payment methods is forbidden under the regulation.

The more intriguing concern lies with tacit collusion.

Cyprus has a new leniency programme in place, implemented and supervised by the Cyprus Commission for the Protection of Competition (the CPC).

Cyprus has activated the beneficial owners register, thus completing the transposition of the 4th AML Directive (Directive (EU) 2015/849 of the European Parliament and of the Council of 20 May 2015...

This note covers securitisations, with our parallel update covering the acquisition and sale of loans.

The EU has imposed three packages of sanctions against Russia in response to the Russian recognition of the non-government controlled areas of the Donetsk and Luhansk oblasts of Ukraine...

Dividend distributions by a Cyprus company can be either interim or final. Interim and final dividends are treated differently under Cyprus law.

Dividends distributed to shareholders in a Cyprus company will be either a final dividend or an interim dividend. Final dividends are paid once a year and are calculated on the basis

Cyprus has activated the beneficial owners register for Cypriot companies and other legal persons registered in Cyprus. In doing so, Cyprus is fully transposing into national law Directive (EU) 2015/849

The Republic of Cyprus acceded to the Convention on International Interests in Mobile Equipment of 2001 (the Cape TownConvention) as of 1 November 2023.