News & Publications

Aug

Brief Overview of Divorce and Division of Marital Assets Proceedings under Cyprus Law

27/08/2019Legal, Updates

All matters involving or related to divorce, split of marital assets, maintenance of spouse and/ or children, parental responsibility, adoption and any other issue constituting a family dispute is subject to separate Applications to the Court. Practically this means, that a person applying for Divorce cannot with the same application apply for split of marital...

Aug

South Africa Forex License

20/08/2019Legal, Updates

The Financial Services Board of South Africa (FSB), now renamed to Financial Sector Conduct Authority (FSCA), is a supervisory body of financial services industry in South Africa under the Financial Advisory and Intermediary Services Act 37 of 2002 (FAIS Act). The company that intends to conduct Forex business on a discretionary basis must obtain a...

Aug

Cyprus – Update on Registration of Pledges with the Cyprus Registrar of Companies

06/08/2019Legal, Updates

The Law firm of G. Vrikis & Associates LLC, would like to bring to your attention the recent Announcement of the Department of Registrar of Companies and Official Receiver issued on the 15.03.2019. The above announcement is a follow-up, after the clarification to the Attorney General’s prior Opinion in regard to Article 90 of the...

Aug

Cyprus – New Law Introduced to Regulate the Provision of Official Translation Services

06/08/2019Legal, Updates

The Law Firm of G. Vrikis & Associates LLC would like to bring to your attention the recent introduction of a new Law which aims to regulation the registration and regulation of the services of sworn translators, including providing guidelines for official translations and related certifications. The new Law was introduced as of the 1st...

Jul

Cyprus – Permanent Prohibition of Binary Options trading

24/07/2019

The Law Firm of G. Vrikis & Associates LLC would like to bring to your attention the resent decision and publication by the Cyprus Securities and Exchange Commission (“CySEC”). CySEC’s dedicated Supervisory Action Plan concerning the FX trading and Binary Option industry intensified supervisory and enforcement efforts between 2015 and 2018, which raised concerns relating...

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