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  • Mergers and Acquisitions in Cyprus By Michael Chambers
    The major legislation that regulates mergers and acquisitions in Cyprus is the Companies Law (Cap. 113). In particular, the sections 198-202 contain provisions .... acquisition are exempt from the capital gain taxation. In addition, regarding the transfer of immovable properties is not required to pay the transfer fee.

  • Shipping: Restrictive Measures In View Of The Situation In Libya By Michael Chambers
    On the 31st of July 2015 and 18th of January 2016 the EU adopted the following legislative instruments concerning restrictive measures against Libya: .... Related Article: Maritime security for ships flying the Cyprus flag

  • Different Elements of Negligence in an Injury Case By Aaron Crane
    If somebody is involved in a motor vehicle collision, and they sustain injuries and/or property damage, the legal theory that they're likely to make .... 254-2701 for a free consultation and case evaluation. When you're injured by the negligence of somebody else, you deserve fair and just compensation.

  • Dangerous Intersections Can Cause Car Accidents in Phoenix By Aaron Crane
    The National Highway Traffic Safety Administration (NHTSA) reported that intersections with inadequate signage, blind spots and confusing lanes are dangerous .... of your accident. This is something you will not be able to determine without the expert assistance and guidance of an experienced auto accident lawyer.

  • Personal Data Protection In Cyprus By Michael Chambers
    Personal data defines any information relating to a natural living person. Some illuminating examples are the number of our identity card, passport, date .... codes of conduct, under the condition that the processing is required for preventive medicine, medical diagnosis and the provision of health-care services;

  • Acquisition of Real Estate in Cyprus By Michael Chambers
    The geographical location of Cyprus between Europe, Asia, the Middle East and Africa together with the well-established legal, banking and accounting infrastructures .... from signing. It should be taken into consideration that if you do not pay the stamp duty on time, then you will have to pay the stamp duty plus a fine.

  • Bank Secrecy In Cyprus By Michael Chambers
    BANK SECRECY IN CYPRUS Banking is one of the most important sectors of the economy since it influences investment and consumption. Confidentiality is .... same level of confidentiality applies to the relationship between the Central Bank of Cyprus and banking institutions operating in the Republic of Cyprus.

  • Panama Papers And Professional Secrecy By Michael Chambers
    The leak of 11.5 million confidential documents of the Panamanian law firm Mossack Fonseca revealed how rich and powerful people use tax havens to hide .... following the principles of professional secrecy. That is to say, they are not allowed to disclosed any information entrusted to them by their clients.

  • Termination of Employment in Cyprus By Michael Chambers
    TERMINATION OF EMPLOYMENT IN CYPRUS The Employment Law (100(1)/2000) in Cyprus includes both statute and case law. Specifically, Cyprus statute law contains .... a good reason for the delay, payment may be approved given that the claim is made within 12 months from the date of termination of his/her employment.

  • Wills As An Estate Planning Solution In Cyprus By Michael Chambers
    Estate planning is the process of arranging the disposal of someone’s movable and immovable property after his/her death. It should be mentioned that estate .... find the best possible solution for you and your family. Note that residential status is important because it is strongly related to taxation matters.

  • Alternative Investment Funds Managers': General Requirements By Michael Chambers
    The Alternative Investment Funds Managers’ (AIFMs) Law, 56(I)/ 2013, aligns the Cyprus regulatory framework with various EU regulations on Alternative .... their branches authorised in the Republic of Cyprus have an ongoing duty to provide any related information and annual reports to investors and CySEC.

  • Administration Of Estates In Cyprus By Michael Chambers
    Estate denotes the movable and immovable property someone processes during his/her lifetime. As a result, estate administration is strongly related to .... any such person, appoints one or more personal representatives in addition to the original personal representative according to probate rules and orders.

  • Domain Names Regulations By Michael Chambers
    A domain name is an identification string defined by the rules and procedures of the Domain Name System (DNS). It should be pointed out that a domain .... domain name that has been registered and is being used in bad faith is when it is registered mainly to cause troubles to the business of a competitor.

  • Registration Of Charges In Cyprus By Michael Chambers
    Charges and mortgages are two instruments that ensure creditors’ protection. Precisely, all creditors need to ensure that they will receive payment for .... wilfully authorises or allows the omission of any entry required to be made following the provisions of the Law, he/she will be liable to a fine up to €427.

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