JD Supra (Blogs)

Introduction - Cyprus is an EU member state and a common law jurisdiction with a legal system similar to that of the UK. It is located at the eastern end of Europe linking 3 continents, Europe, Africa and Asia and it has a long and strong reputation as an international business center.

KEY FACTS OF REAL ESTATE ACQUISITIONS UNDER CYPRIOT LAW - A. General - 1. Introduction - Cyprus is a common law jurisdiction, and its legal system is based on the UK one. It is a clear and robust system which leaves no uncertainty as to the ownership status of real estate in Cyprus. The Land Registry Office in Cyprus (with district offices in each of the major towns of the island)...

This guide offers an overview of legal aspects of bankruptcy, insolvency and rehabilitation in the requisite jurisdictions. It is meant as an introduction to these market places and does not offer specific legal advice. This information is not intended to create, and receipt of it does not constitute, an attorney-client relationship, or its equivalent in the requisite jurisdiction. Please see...

KEY FACTS OF REAL ESTATE ACQUISITIONS UNDER CYPRIOT LAW - A. General - 1. Introduction - Cyprus is a common law jurisdiction, and its legal system is based on the UK one. It is a clear and robust system which leaves no uncertainty as to the ownership status of real estate in Cyprus. The Land Registry Office in Cyprus (with district offices in each of the major towns of the island)...

Cyprus is an EU member state and a common law jurisdiction with a legal system similar to that of the UK. It is located at the eastern end of Europe linking 3 continents, Europe, Africa and Asia and it has a long and strong reputation as an international business center. Please see full Chapter below for more information.

This guide offers an overview of legal aspects of bankruptcy, insolvency and rehabilitation in the requisite jurisdictions. It is meant as an introduction to these market places and does not offer specific legal advice. This information is not intended to create, and receipt of it does not constitute, an attorney-client relationship, or its equivalent in the requisite jurisdiction. Please see...

KEY FACTS OF REAL ESTATE ACQUISITIONS UNDER CYPRIOT LAW - A. GENERAL - 1. Introduction - Cyprus is a common law jurisdiction, and its legal system is based on the UK one. It is a clear and robust system which leaves no uncertainty as to the ownership status of real estate in Cyprus. The Land Registry Office in Cyprus (with district offices in each of the major towns of the island)...

Cyprus is an EU member state and a common law jurisdiction with a legal system similar to that of the UK. It is located at the eastern end of Europe linking 3 continents, Europe, Africa and Asia and it has a long and strong reputation as an international business center. 1. Types of Business Entities - The most common forms of business entities established in Cyprus are (a) limited companies; (

• JD Supra Cyprus

1. INTRODUCTION - Having been a former British colony for several years of its history (from 1878 until its independence in 1960), the legal system of the Republic of Cyprus (hereinafter “Cyprus”) follows, to a great extent, an Anglo-Saxon approach and thus contains many elements of common law principles even to this day. One such example is the practice of company law. The formation of a...

• JD Supra Cyprus

1. INTRODUCTION - Having been a former British colony for several years of its history (from 1878 until its independence in 1960), the legal system of the Republic of Cyprus (hereinafter “Cyprus”) follows, to a great extent, an Anglo-Saxon approach and thus contains many elements of common law principles even to this day. One such example is the practice of company law. The formation of a...

• JD Supra Cyprus

As mediators and dispute resolution promoters, we are people’s people. We try to understand deeper needs and perceptions, and based on these, we design processes to create a safe environment for parties to negotiate. While needs might be universal, perceptions aren’t and they are highly dependent on culture, history, legal and financial systems, and social norms. That is why dispute resolution...

• JD Supra Cyprus

The University of Cyprus, the Registry for .CY domain names, recently introduced a new online system for the registration and management of Cypriot domain names.  At the same time the Registry also announced that it had liberalised its registration rules. 

• JD Supra Cyprus

Q1/ Applicable legislation - (a) Have the requirements of the GDPR been addressed by introducing a new law, or by updating existing legislation? New legislation has been passed. ——— (b) Relevant legislation includes: •Law providing for the protection of natural persons with regard to the processing of personal data and for the free movement of such data (Law 125(I) of 2018) (the “Data...

• JD Supra Cyprus

Two of the legal worlds that I straddle – energy and aviation – collided last week in the Mediterranean Sea. The implications for these two disciplines, as well as world security, could be enormous. Originally published on Forbes.com October 16, 2019.

• JD Supra Cyprus

What constitutes sexual harassment? Sexual harassment is any undesirable conduct of a sexual nature, expressed either by words or deeds, which has the purpose or effect of violating the dignity of a person, especially when it creates an intimidating, hostile, degrading, humiliating or offensive environment, during the person’s employment or vocational training or during the person’s access to...

• JD Supra Cyprus

1. INTRODUCTION - Having been a former British colony for several years of its history (from 1878 until its independence in 1960), the legal system of the Republic of Cyprus (hereinafter “Cyprus”) follows, to a great extent, an Anglo-Saxon approach and thus contains many elements of common law principles even to this day. One such example is the practice of company law. The formation of a...

• JD Supra Cyprus

1. What claims may be brought for liability for defective products? Is liability based on fault/ negligence, or strict liability, or both? Defective product claims may be brought in contract, the tort of negligence and/or under the Defective Products (Civil Liability) Act of 1995 (“the Act”), which implements the EU Directive on the liability of defective products (85/374/EEC). The Act...

• JD Supra Cyprus

The employment of foreign workers in Cyprus has increased sharply over the recent years following the accession of Cyprus to the EU in 2004, and more importantly, the need for specialized, and highly qualified staff for the many industries that over the last decade have found Cyprus to be an ideal business environment. Examples include the finance industry, with the thriving Forex trading market,

• JD Supra Cyprus

On 25 March 2013, the Bank of Cyprus and Laiki Bank (also known as Cyprus Popular Bank) entered resolution proceedings under the Resolution of Credit and Other Institutions Law 2013.

• JD Supra Cyprus

Many with significant balances in certain Cyprus banks are going to suffer substantial losses as a result of the terms of the Cyprus bailout and the restructuring of the Bank of Cyprus and Laiki Bank. Account holders will naturally want to consider whether they have any legal redress in Cyprus or elsewhere to protect their funds or, failing that, to seek compensation. Bondholders and shareholders

• JD Supra Cyprus

As we predicted a few weeks ago (see link below), Cyprus has rapidly fallen off the screen. Back to business as usual, based upon an iron-willed refusal to see the spreading cracks in the edifice of the common market financial system and willful blindness to the implication of such events.

• JD Supra Cyprus

Cyprus has come to an agreement with the European Union and the International Monetary Fund (IMF) for a €10bn bailout in an attempt to avoid the collapse of its banking sector and the impact that would have on the wider economy. The agreement has resulted in banks in Cyprus re-opening after a two week closure. Despite initial concerns that there would be a rush to withdraw deposits, bank branches

• JD Supra Cyprus

Banks in Cyprus opened today at 10 am GMT, 10 days after they closed, as Cyprus became the first country in the Eurozone to implement capital and exchange controls in an attempt to prevent a run on the nation’s banks and a collapse of its financial system. These protective controls have been justified by many of the key players as an urgent “one-off” solution to the latest Eurozone crisis...

• JD Supra Cyprus

Among the more technical topics we cover in this Blog, we keep an eye on Europe as we fundamentally continue to worry that Europe’s disease could infect our markets. As I write this, Cyprus is trying to sort out the terms of the proposed EU bailout for the banking sector which is eight times the size of the GDP of the whole darn island. The US commodities and stock markets have fluttered in...

• JD Supra Cyprus

Historically the Levant Basin, a deep marine basin in the east Mediterranean between Cyprus, Israel, Lebanon and the Palestinian Territories, has not been considered a promising region for hydrocarbons. However, as a result of huge gas discoveries offshore Israel and Cyprus, the region is now perceived as a promising new frontier for natural gas.