As daily life is becoming more and more integrated with the digital world, invariably the business and work environment has followed suit. Under Cyprus Law, personal data is safeguarded and protected under the Processing of Personal Data (Protection of the Individual) Law of 2001 (as amended).Read More

SINCE September 2015, and the adoption of the Immovable Property Transfer and Mortgage Law (Amendment) (No. 10) Law of 2015) (hereinafter, the “Law”), thousands of applications have been made with the District Land Registries in Cyprus by enclaved buyers of immovable property,Read More

Introduction The key starting point when reviewing an Employment issue which has arisen, is to always establish whether the “employer-employee” relationship was established between the persons concerned; this is due to the fundamental factor that all relevant Laws which govern employment issues in Cyprus refer to rights andRead More

Introduction to Relevant Laws Under Cyprus Law, there are three main Acts which govern the field of Wills and Succession. These are as follows:Read More

Introduction The appointment of a Chairman to preside over a Shareholders’ Meeting is usually a straight-forward affair. The Chairman’s role is, in general, to maintain peace and order during the meeting, ensure that the proper procedures are being followed and the matters discussed remain within the defined agenda forRead More

The law firm of G. Vrikis & Associates LLC would like to inform you that in accordance with the Decree issued by the Council of Ministers regarding the imposition of a fee for the issuance of a tax ruling in late April 2016, the Tax Authorities have now announced further details in relation to the...Read More

Introduction A usual occurrence for practicing corporate lawyers, as well as persons involved in the day-to-day running of companies and corporations, is an enquiry from shareholders to the effect whether they can propose the appointment of directors which they think best to act as such.Read More

In mid-2015, the Wills and Succession Law, Cap. 195, was amended in Cyprus, with the amendments having a particular impact mainly on British persons and other Commonwealth-country individuals who have immovable property in the Republic of Cyprus as the “forced heirship” rule exemption is now abolished.Read More

CySEC’s Chairman has hinted that CySEC is considering to amend its regulations to force Cyprus Investment Firms (“CIFs”) to have their call-centers based in Cyprus, a fact which would enable CySEC to, amongst others, provide actual oversight of how the marketing is performed,Read More

The Cyprus Securities and Exchange Commission (hereinafter ”CySEC”) has issued a circular to Cyprus Investment Firms (hereinafter ”CIFs”) which are under its regulatory framework, regarding the provision of services in relation to binary options.Read More