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Stay informed of the latest news and developments from our firm. Discover what is shaping our practice and people.
Cyprus government announces measures to ‘jump start’ the economy following Covid 19 ‘lockdown’.
Following the apparent success of the Cyprus Government’s strategy to contain the spread of the Covid 19 virus, attention has now been turned to mitigating, and reversing, the economic damage caused to the island by the pandemic and its associated containment measures. On Wednesday 27th May Presid...
‘Europe’s moment – Euro 750 billion Covid 19 fund proposal announced.
European Commission President, Ursula von der Leyen, today 27 May 2020, announced proposals for a EURO 750 bn relief package to help the European Union (‘EU’) tackle an unprecedented economic and health crisis caused by the Covid 19 pandemic. The package consists of Euro 500bn in grant aid and EUR...
Domestic violence in the time of Covid-19
In response to the violence and turbulence of daily life, the family unit can be a safe haven for family members, offering a loving and supportive environment, whilst also ensuring the emotional development of its members. When crisis is triggered, it causes a blow to the family institution and oft...
GDPR 2 year Mark Anniversary
The 25th of May 2020 marks the second year since the General Data Protection Regulation (“GDPR”) came into force. The GDPR is widely considered as one of the most contested law in the EU’s history, and was the product of intense negotiations and thousands of proposed amendments. The vision and aim...
Cyprus is well-positioned for alternative investment funds
An interesting and informative article was recently published in Cyprus Mail newspaper by its business editor Andrew Rosenbaum. The article addressed the latest developments in Cyprus alternative investment funds (AIFs) and included comments and views from various industry experts including our ver...
DBRS Morningstar (‘DBRS”) lines up behind Fitch and Moody to provide a note of cautious optimism for the Cyprus economy.
On 15 May 2020, DBRS became the latest international credit rating agency to announce its assessment of Cyprus’ credit worthiness. Encouragingly, despite Cyprus now being two months into the Covid-19 pandemic ‘lockdown’ measures, and their obvious negative economic consequences, the agency has ch...
Covid-19 impact causes European Commission to postpone new tax measures.
Background On 8 May 2020, the European Commission (EC) announced its decision to postpone the entry into force of two EU taxation measures. The postponements are a recognition of the difficulties which Member States and businesses are currently encountering because of the Covid-19 pandemic. The po...
The story of good and evil in financial services law
THE storyline in the narrative of literary works or films is commonly built around a raging battle between ‘good’ and ‘evil’ in the face of the fictional characters and the situations or historic background they live in. The dream of Lennie Small, in Steinbeck’s novel ‘Of Mice and Men’ (1937), to ‘...
Covid-19 Restrictions may be easing-up, but we are not!
With a third of the year behind us, we are pleased to announce that we have now been awarded Mondaq’s ‘Contributor most read in Cyprus’ title for all four months to date. It is gratifying to know that you are finding the articles we publish interesting. It also reassures us that we are selecting...
EU declaration on human rights in the times of the coronavirus pandemic
On Tuesday 5 May 2020, the Council of the European Union (the ‘Council’) issued a ‘Declaration on human rights in the times of the coronavirus pandemic’. In this, the Council reaffirms its position that respect for all human rights must remain at the heart of fighting the pandemic and supporting th...
CHIEF ACCOUNTANT
As part of our continuous growth and development, we are currently looking to reinforce our Trust Company, at our headquarters in Limassol, with a highly motivated Chief Accountant. The position The successful candidate will report to the Manager of the Client’s Accounting department and will be re...
Coronavirus – COVID 19, an invisible enemy attacking the performance of agreements
The world is facing an unprecedented crisis testing every system of public health as well as societies at every level: political, social and economic. Covid – 19, the so-called “invisible enemy,” has left nothing untouched, including, inevitably, the performance of contractual obligations worldwide...