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An overview of the Cyber Resilience Act proposal

An overview of the EC Proposal for a Regulation on horizontal cybersecurity requirements for products with digital elements and its correlation with the existing data protection law under the General ...

Practice Area(s) Technology and E-Commerce,  Data Protection

Supreme Court issues interlocutory injunction to remove tenants from property

In its recent judgment , the Supreme Court issued an interlocutory injunction to prohibit tenants from entering or possessing property, following the lapse of a contractual obligation to deliver free ...

Lexology - Getting the Deal Through: Asset Recovery 2023

Our firm has authored the Cyprus chapter of Lexology Getting The Deal Through: Asset Recovery 2023.

Practice Area(s) Dispute Resolution

Supreme Court clarifies ambit of powers of courts to issue buy-out orders

The Supreme Court has clarified that the courts' power to issue buy-out orders, in relation to the shareholding of oppressed shareholders, can only be directed against other shareholders or the company. ...

New Commercial Court in Cyprus

Following Cyprus's increasing role as an international dispute resolution center, a new Commercial Court is to be established to handle high-value commercial disputes litigated in Cyprus.

Practice Area(s) Dispute Resolution

"Guilty Till Proven Innocent?" - Report by the Commonwealth Human Rights Initiative

Our firm provided pro bono assistance for the preparation of the Commonwealth Human Rights Initiative report titled "Guilty Till Proven Innocent?".

Cyprus Court offers Directions to a Bank on the Ambit of a Freezing Injunction

The District Court of Nicosia accepted a request to offer directions, in the form of clarifications, on the ambit of a freezing order, which was previously issued by the Court.

Practice Area(s) Dispute Resolution

Lexology - Getting the Deal Through: Dispute Resolution 2022

Our firm has authored the Cyprus chapter of Lexology Getting The Deal Through: Dispute Resolution 2022. 

Practice Area(s) Dispute Resolution

Restructuring for companies impacted by the cash flow freeze

Recent developments, sanctions and capital controls have disrupted finance arrangements and bond issuance going through Cyprus, with many innocent parties getting caught in the crossfire.

CDR - Fraud, Asset Tracing & Recovery 2022

Our firm has authored the Cyprus chapter of CDR - Fraud, Asset Tracing & Recovery 2022.

Practice Area(s) Dispute Resolution

The Need for Substance

Establishing and maintaining adequate substance in Cyprus is considered an important aspec to minimizing the risk of denial of double tax treaties and of potential challenges from foreign tax authorities. ...

Practice Area(s) Real Estate,  Private Client,   Financial Services and Products

Cyprus: Investors’ Guide 2022

Over the last years, Cyprus has been actively courting foreign direct investment into the country, offering a number of attractive incentives to establish the island as a world-class destination for ...

Practice Area(s) Real Estate,  Private Client,  Immigration,   Financial Services and Products,  Banking and Finance

New measures aiming to attract foreign investments to Cyprus announced by the Ministry of Finance

The Ministry of Finance of Cyprus announced its new action plan for attracting foreign investment and enhance business activity in Cyprus.

Practice Area(s) Banking and Finance

Amendment of Criteria for Investor’s Immigration Permit in Cyprus

On 24 March 2021, the government of Cyprus issued new revised investment criteria relating to the ‘fast-track’ process of issuing immigration permits to third country nationals wishing to invest in the ...

Practice Area(s) Real Estate,  Immigration

Lexology - Getting the Deal Through: Dispute Resolution 2021

Our firm has authored the Cyprus chapter of Lexology Getting The Deal Through: Dispute Resolution 2021. 

Practice Area(s) Dispute Resolution

Retention of Title Clauses: Securing Payment in Contracts of Sale

The seller has at his disposal a useful protective device which, notwithstanding the buyer’s inability/refusal to pay, or insolvency, will enable him to retrieve his goods and afford him priority over ...

Practice Area(s) Real Estate,  Private Client

Challenging past transactions in liquidation: fraudulent preference

An effective weapon in a liquidator's and creditor's arsenal to ensure the fair and equal treatment of all creditors of a failing company is the ability to challenge past transactions that sought to favour ...

Practice Area(s) Restructuring and Insolvency ,  Dispute Resolution

Bankers' Rights of Appropriation, Lien and Combination

Banks have a number of legal mechanisms at their disposal with a view to safeguarding their interests in circumstances where they are owed money by defaulting customers who are unlikely to take steps ...

Practice Area(s) Banking and Finance

Legal framework on voluntary liquidation – an overview

Chapter 113(III) of the Companies Law is the main legal framework which regulates the voluntary liquidation procedure in Cyprus. There are two ways in which voluntary liquidation can be triggered.

Practice Area(s) Restructuring and Insolvency

Removal of Directors: Mechanisms and Implications

A company may, for a variety of reasons, choose to remove a director from office. In this respect, due consideration should be given to what statutory or constitutional devices are available for the purposes ...

Practice Area(s) Dispute Resolution,  Corporate and M&A

Insolvency and restructuring from a Covid-19 perspective

The Covid-19 pandemic created an unprecedented situation for the lives and livelihoods of people from every socioeconomic background. In response to the pandemic, Cyprus introduced a series of humanitarian ...

Practice Area(s) Restructuring and Insolvency

Examinership: A shield for businesses to cope with Covid-19

A relatively less-known procedure, the examinership framework, may hold the key to the survival of corporations faced with the financial consequences of the Covid-19 outbreak.

Practice Area(s) Restructuring and Insolvency

A UK and European perspective on the regulation of cryptoassets: Cyprus chapter

A.G. Erotocritou LLC has been invited by Burges Salmon to contribute the Cyprus chapter to a comprehensive paper in relation to the regulation of cryptoassets. 

Practice Area(s) Financial Services and Products

Locus standi in Petitions for Oppression on the Minority

The District Court of Limassol has ruled that a minority shareholder may pursue an oppression of minority petition, irrespective of whether the underlying company had a positive value for distribution ...

Practice Area(s) Dispute Resolution

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