Articles

What Is Arbitration

Arbitration is an alternative to judicial proceedings when a dispute arises between two contracting parties regarding the performance of obligations or exercise of rights in the context of their contractual relationship. The ability of the contracting parties to resort to arbitration proceedings instead of the Court, is dependent on the existence of the necessary “arbitration clauses” in the terms of the contract between the parties. Such arbitration clauses will require that that any disputes that arise in the future between the parties in relation to READ MORE

Information Regarding the Application for Obtaining Cypriot Citizenship by Naturalization

As of 19 December 2023, the Civil Registry (Amendment) Law of 2023 has come into force, according to the provisions of which adult individuals intending to apply for Cypriot citizenship by naturalization must cumulatively meet the following qualifications: (a) Legal and continuous residence for 12 months immediately before the date of application submission. Periods of absence not exceeding a total of 90 days do not interrupt the mentioned time period. READ MORE

Establishing and Legalising the Process of Euthanasia in Cyprus

As defined by the Oxford Dictionary, “Euthanasia is the practise of killing without pain a person who is suffering from a disease that cannot be cured.” This occurs in order to limit the individual’s suffering, in which their consent arise from their own free will. In Cypriot jurisdiction there is no legislative guidance on this particular area of field, whereas this touches the core of bioethics and is characterised as a sensitive topic. READ MORE

Cyprus Criminal Law

The Criminal Code Cap. 154 and The Criminal Procedure Act Cap. 155 are considered to be the core legislations, governing the regulation of criminal justice. Cap 154 contains the definitions, details, and punishments for various kinds of offenses whereas Cap.155 lays down the procedures to be followed during the arrests, investigations, proceedings etc. Owing to its roots in the common law, Cyprus criminal system follows some of the fundamental common law principles like the right to a proper trial, accused’s right to be heard, the presumption of innocence until proven guilty etc. READ MORE

Cyprus Contract Law

According to common law and the Cyprus Contracts Law, Chapter 149, a contract is defined as an agreement between two or more parties, whether they be natural persons or legal entities, that regulates the sale of commodities, the provision of services, the exchange of interests, or ownership. Contract laws are some of the most crucial regulations because Cyprus is a growing business and trade center. The main source of authority on Cyprus’s contract law is Cap. READ MORE

Apostille notarization of Public Documents

The Republic of Cyprus has acceded to the Convention Abolishing the Requirement of legalization for Foreign Public Documents, signed in the Hague, on 5.10.1961. The Convention was ratified by the Law 50/72 as amended 91/72. For the implementation of this Convention, the Ministry of Justice and Public Order has been assigned as the Central Authority. The main provision of the Convention is the exemption from legalisation of any diplomatic or consular legalisation of READ MORE

What Is Mediation

Mediation is defined as a structured process, however named or referred to, whereby two or more parties to a dispute attempt by themselves, on a voluntary basis, to reach an agreement on the settlement of their dispute with the assistance of a physical person called the “Mediator”. It is a confidential process whereby parties try to settle their dispute without the need to resort to Court whereas however their right to access the Court is not in any way affected. READ MORE

Civil Union

Civil Union is governed by the Civil Union Law. The competent authorities are the Registrars who are the District Officers. A civil union, with the exception of the Adoption Law, has the same effects and consequences as if a marriage had taken place under the provisions of the Marriage Law and any reference in the legislation of the Republic to “spouse” is interpreted as a reference also to a civil partner. READ MORE

Nomad Visa in Cyprus

The Nomad Visa, also known as the Digital Nomad Visa, is a relatively new type of visa that allows individuals to live and work remotely in a foreign country for an extended period of time. Civil Registry and Migration department in Cyprus, has recently re-introduced its own Nomad Visa program to attract digital nomads and remote workers to its shores. The Nomad Visa in Cyprus is designed to cater to individuals who can work from anywhere with an internet connection, such as freelancers, entrepreneurs, and employees of multinational companies. READ MORE

Loan Agreements & Mortgage Instruments

Our law firm provides advice on a wide range of banking and securities transactions. Our clients include commercial banks as well as substantial corporate borrowers and issuers. Our banking and finance practice gathers highly trained and diligent advisors providing national and international clients with well-versed legal advice on a wide range of banking and securities related transactions. We have in-depth knowledge and experience in finance transactions, acquisition and leveraged finance, asset finance and leasing, corporate lending and loan markets, capital markets, project finance, real estate finance, restructuring and insolvency, securitisation and other areas of structured finance. READ MORE