Cyprus section of “Overview of the latest developments regarding the national implementation of the GDPR requirements”
Author: NICHOLAS KTENAS Law Firm: Elias Neocleous & Co LLC Publisher: Reed Smith Practice area: Information technology and data privacy law
Securitisation: A Potential New Tool for the Cyprus Banking System
Author: MARIA HADJISAVVA Law Firm: Elias Neocleous & Co LLC Publisher: Journal of International Banking Law and Regulation Practice area: Banking and Finance
Implementation of Directive (EU) 2017/1852 of 10 October 2017 on tax dispute resolution mechanisms
The Cyprus Tax Department has published draft legislation to implement Directive (EU) 2017/1852 for consultation. The draft legislation comprises an amending law, which adds two new articles to the Income Tax Law of 2002, and regulations to be issued under the second of those articles. The draft law and regulations replicate the Greek language text […]
Publication of latest Central Bank of Cyprus ship management survey
Author:COSTAS STAMATIOU Law Firm: Elias Neocleous & Co LLC Publisher: International Law Office Practice area:ADMIRALTY AND SHIPPING
Latest Central Bank of Cyprus investment funds statistics
On 19 November the Central Bank of Cyprus released its latest statistics on Cyprus-based investment funds, produced on the basis of the revised European System of Accounts 2010 and giving information as at 30 September 2018. During the 12 months ended 30 September the number of investment funds increased to 142, compared with 108 at […]
Administrative Court’s judgment on purported changes to the terms of a public procurement competition
Author: ARGYRO ANGASTINIOTI Law Firm: Elias Neocleous & Co LLC Publisher: International Law Office Practice area: LITIGATION, DISPUTE RESOLUTION AND ARBITRATION
Entry into force of the protocol amending the Convention on the Avoidance of Double Taxation between Cyprus and Mauritius
The Cyprus Tax Department has announced that the procedures for ratification of the protocol dated 23 October 2017 amending the Convention on the Avoidance of Double Taxation between Cyprus and Mauritius have been completed, and the protocol entered into force on 2 May 2018. The protocol replaces text of article 27 of the Convention, which […]
Mondaq award for Contributor Most Read in Cyprus
Mondaq, launched in 1994, is one of the most comprehensive Internet repositories of professionals’ knowledge and expertise. It disseminates legal, regulatory and financial commentary and information supplied directly by hundreds of the world’s leading professional advisors, covering more than 80 countries, and tracks detailed readership of this information through its website and distribution network. At […]
Reduction of non-performing loans in the Cyprus banking sector
On 7 November the Central Bank of Cyprus (CBC) published its latest analysis of data on non-performing loans in the Cyprus banking sector, covering the period to 31 July 2018, showing aggregate non-performing facilities (NPFs) and related indicators for the domestic operations of credit institutions operating in Cyprus. Overseas operations are excluded. During the month […]
New Memorandum of Understanding on cooperation with Russia in combating crime
On 18 October 2018 the Cyprus Ministry of Justice and Public Order and the Prosecutor General’s Office of the Russian Federation signed a memorandum of understanding on cooperation in combating crime and protecting human rights and fundamental freedoms. Cooperation between the two authorities will include exchange of information on their legal systems and their national […]
