On the 22/11/2022, the Department of Registrar of Companies and Intellectual Property announced that following the Directive 2018/843 of the European Court of Justice (ECJ) whereby Member States must ensure that the information on the beneficial ownership of companies incorporated within their territory should be accessible in all cases to any member of the public...Read More
Since 2014, European Union has progressively imposed sanctions against Russia in response to deliberate destabilization of Ukraine. After February 2022, EU massively expanded the sanctions, which consists of a wide range of financial, economic and trade measures. The below represent an effort to provide a brief overview of key sanctions which are currently active: Economic...Read More
The Council of Ministers reached a decision regarding the decree setting the national minimum wage, which is now set at the amount of €940 and will take effect as from the 01/01/2023. The decree specifies that in the first six months of the employment, the amount of the salary is fixed at €885 and subsequently...Read More
On the 03rd of August 2022, the Criminal Court of Nicosia imposed concurrent prison sentences, with a maximum of 9 years, in an accused, who, following a hearing, was found guilty of all 7 charges faced relating to crimes for sexual abuse of a minor occurred between September 2019 and March 2020. The Criminal Court...Read More
In view of the huge increase in popularity and use of Non-Fungible Tokens (NFTs) over the past few years, as well as the increasing value attached to such NFTs which ranges from a few cents and a few millions, the EU Intellectual Property Office (EUIPO) announced that it is being inundated with applications containing terms...Read More
