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Legal
– Private Prosecution – Disclosure of Material Evidence – Updates
Private Prosecution – Disclosure of Material Evidence – Updates The below represents updates to our initial Article which can be found  Here →  Update 1: On 17/02/2021, the Court of Appeal in Civ.App. 373/2019 overruled the decision of the Court of First Instance (Jurisdiction of Prerogative Writs) which rejected the application for leave to file...
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Cyprus – Initiation of Beneficial Owner’s Register
Cyprus – Initiation of Beneficial Owner’s Register Pursuant to the issuance of the updated Regulation for the Beneficial Owner’s Register (as per Κ.Δ.Π. 112/2021), published in the Republic of Cyprus on the 12th March 2021, we would like to update you that the Registrar of Companies has announced the electronic service for the registration of...
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Amendments to Legislation relating to Oaths and Affidavits
Amendments to Legislation relating to Oaths and Affidavits On the 26th February 2021, the Amending Law 14 (I) of 2021 was published in the Gazette of the Republic, by which lawyers will be able to accept an oath before them in the affidavits. Specifically, Article 2 is amended as follows: “Lawyer” means a person who...
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Brexit and Recognition of Lawyer’s Qualifications As of 1 January 2021, the United Kingdom has lost all its rights and obligations as an EU Member State during the transitional period under the Exit Agreement. It will no longer benefit from unrestricted access to the EU single market and customs union, nor from EU policies and...
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Introduction of the Register of Beneficial Owners and Trusts
Introduction of the Register of Beneficial Owners and Trusts As of the 16 December 2020, Cyprus has initiated the beneficial owners register for Cypriot companies and other legal persons registered in Cyprus. Following that, Cyprus is completely adhering into Directive (EU) 2015/849 law on the prevention of the use of the economic system for the...
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Criminal Record between EU countries
Exchange of Information from the Criminal Record between EU countries EU Council Framework 2009/315/JHA of 26 February 2009 regulates the organization and content of the exchange of information from the criminal record between Member States. The Framework Decision comprises the general principles for the operation of the exchange of criminal records between EU countries, together...
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Establishment of a Medical Company in Cyprus
Establishment of a Medical Company in Cyprus With a publication in the Official Gazette of the Republic of Cyprus, on 19.07.2013, the Law on Registration of Doctors (Amended) of 2013 (Law 73 (I) / 2013) (hereinafter “the Law”) was issued. The Law provides for the establishment of Medical Companies and establishes the legal framework for...
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Road Speed Limit police “allowance” amended
The Cyprus Republic has issued new guidelines as of 24th September 2020 that the current “allowance” for exceeding the speed-limit within city limits, and more generally in residential areas, is permanently reduced by 10 percent (%). This decision was deemed to be necessary, following the significant amount of fatal and serious road collisions in cities,...
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Administrative Court Decision annulling Tax Commissioner’s decision.
On the 21st September 2020, the Administrative Court of the Republic of Cyprus issued a decision in Case No.334/2017 (OCEAN AQUARIUM LTD -v- THE REPUBLIC OF CYPRUS), annulling the decision of Commissioner of Income Tax to impose Defense Tax Contribution to a Company. Α)The facts of the case are the following: The Commissioner of Income...
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Amendments to Penalties for Road Traffic Violations
With an overwhelming majority of votes, new laws and regulations will be formed, aiming road safety and a decrease in Cyprus’ high number of road deaths and serious injuries. From 1st October 2020, the penalties for violations of the Traffic Code will alter and there will be an increase of incoming fines for speeding, alcohol,...
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