Author's articles

Competition Law In Cyprus

By Michael Chambers · 8 years ago

The Association Agreement between Cyprus and the European Economic Community entered into force in the late 1980’s. As a result, Cyprus was obliged to establish a legislation for the protection of competition and regulate unfair ...

Shipping: Restrictive Measures In View Of The Situation In Libya

By Michael Chambers · 8 years ago

On the 31st of July 2015 and 18th of January 2016 the EU adopted the following legislative instruments concerning restrictive measures against Libya: •EU Council Decision (CFSP) 2015/1333 of 31st July 2015 repealing EU Council ...

Bank Secrecy In Cyprus

By Michael Chambers · 8 years ago

BANK SECRECY IN CYPRUS Banking is one of the most important sectors of the economy since it influences investment and consumption. Confidentiality is a cornerstone element of an effective and efficient bank system. In Cyprus, ...

Personal Data Protection In Cyprus

By Michael Chambers · 8 years ago

Personal data defines any information relating to a natural living person. Some illuminating examples are the number of our identity card, passport, date of birth, mailing address, email, etc. In many cases, individuals need to ...

Panama Papers And Professional Secrecy

By Michael Chambers · 8 years ago

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 their wealth. Particularly, these papers, also known as Panama Papers, ...

Termination of Employment in Cyprus

By Michael Chambers · 8 years ago

TERMINATION OF EMPLOYMENT IN CYPRUS The Employment Law (100(1)/2000) in Cyprus includes both statute and case law. Specifically, Cyprus statute law contains issues related to the termination of employment, paid leave, annual social insurance, maternity ...

Wills As An Estate Planning Solution In Cyprus

By Michael Chambers · 8 years ago

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 planning may eliminate doubts over the administration of estates. Obviously, estate ...

Acquisition of Real Estate in Cyprus

By Michael Chambers · 8 years ago

The geographical location of Cyprus between Europe, Asia, the Middle East and Africa together with the well-established legal, banking and accounting infrastructures urge local and foreign business people to invest in immovable property. A considerable ...

Alternative Investment Funds Managers': General Requirements

By Michael Chambers · 8 years ago

The Alternative Investment Funds Managers’ (AIFMs) Law, 56(I)/ 2013, aligns the Cyprus regulatory framework with various EU regulations on Alternative Investment Managers (AIMs). Specifically, the Law identifies the following two Alternative Investment Funds Manager: 1. ...

Cyprus Investment Firms: FOREX

By Michael Chambers · 8 years ago

Foreign exchange trading (FOREX) is an innovative type of business that brings together buyers and sellers from all over the world regardless of time and place. In other words, sellers and buyers conduct foreign exchange ...

Domain Names Regulations

By Michael Chambers · 8 years ago

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 name is assigned for exclusive use in one ...

Administration Of Estates In Cyprus

By Michael Chambers · 8 years ago

Estate denotes the movable and immovable property someone processes during his/her lifetime. As a result, estate administration is strongly related to all the procedures of gathering and distributing assets and debts of a dead person ...

Offshore Banking: Cayman Islands, Seychelles, Saint Vincent and Grenadines, Bahamas, Gibraltar and Netherlands Antilles

By Michael Chambers · 8 years ago

Banking is one of the most important sectors of the world economy as it influences investment, consumption and other business activities. Furthermore, banking has a substantial impact on the circulation of money and thus influences ...

Registration Of Charges In Cyprus

By Michael Chambers · 8 years ago

Charges and mortgages are two instruments that ensure creditors’ protection. Precisely, all creditors need to ensure that they will receive payment for their services or that their loan will be repaid. Charges give the right ...

Basic Requirements To Set Up A Cyprus Investment Firm

By Michael Chambers · 8 years ago

Cypriot investment firms (CIFs) provide investment services on a professional basis inside or outside Cyprus. A CIF cannot offer professional investment services without being licenced by Cyprus Securities and Exchange Commission (CySEC). Generally, CySEC authorises ...

Child Abduction Regulations in Cyprus

By Michael Chambers · 8 years ago

Parental care is the right and duty given to both parents, to take important decisions concerning the life of their children. In Cyprus, parental care is regulated by Law 216/1990. Based on the provisions of ...

Drunk Driving Regulations in Cyprus

By Michael Chambers · 8 years ago

Drunk Driving Regulations in Cyprus Police announced that during January, more than 7.000 drivers had been breathalysed in the whole country, and the 8.25% found to be over the legal limit . Following the provisions ...

Regulation Of Investment Services And Operation Of Investment Activities In Cyprus

By Michael Chambers · 8 years ago

Cyprus is a major financial and investment centre in the EU and internationally. As a result, there is a requirement for an effective and efficient regulatory framework. In Cyprus, the Cyprus Security Exchange Commission (CySEC) ...

Immovable Property Law In Cyprus

By Michael Chambers · 8 years ago

Cyprus is an attractive location for immovable property investments for many reasons. On the one hand, the considerable law taxation schemes, the reliable legal framework and the straightforward bureaucratic procedures motivate business people to invest ...

Regulations For Private Ship Security Companies In Cyprus

By Michael Chambers · 8 years ago

Shipping is among the most important sectors of the Cyprus economy. In addition, Cyprus is one of the biggest fleets in the EU and internationally. The geographic location of Cyprus, the double tax treaties with ...