Articles

Swiss Franc Loans and the Importance of the European’s Court of Justice Ruling.

The recent decision of the European Court of Justice, in respect of the case C-26/13, Árpád Kásler and Hajnalka Káslerné Rábai v OTP Jelzálogbank Zrt combined with the empowerment and almost equation of the exchange rate of Swiss Franc and Euro, has spurred the issue of the conclusion of loans in Swiss Francs in a crucial issue for many creditors – not only in Cyprus. In this respect, the conclusion of loans in Swiss Francs has already received a huge social and political dimension. READ MORE

The right to petition and the relevant EU – legal framework

in European Law

September 28, 2017

The right to petition and the relevant EU – legal framewrok A recent visit of the European Parliament’s Committee on Petitions (PETI) took place, so as to review a number of petitions submitted by Larnaca citizens, in relation to environmental and health concerns, arising from the creation of an industrial port in Larnaca and the potential consequences of such an operation to the broader area. The latter has raised up a high interest, since local authorities may be found liable when they do not act and/or do not show the appropriate interest, with regard to environmental matters. READ MORE

Environmental Policy and its Enforcement in Cyprus

in Environmental Law

September 21, 2017

Fundamental environmental policy in Cyprus and the agencies/bodies accountable for the administration and enforcement of environmental law: In 2004, following the EU accession of Cyprus, the environmental policy has been subjected to a fundamental review, in order to brought into line with over 300 legislative instruments (Regulations and Directives) and other action programmes which from part of the manifold, a complicated and detailed environmental chapter of the acquis communaitare. Although the new legislative framework is systematically comprehensive and clear in interpretation without leaving room for relaxations or illegalities, its implementation has not reached maximum levels of efficiency and progress is yet to be made for visible enhancement in the environment and quality of life. READ MORE

CYPRUS TOP OF EU STATES IN CITIZENSHIP BY INVESTMENT SURVEY

in Immigration Law

September 6, 2017

Cyprus ranked seventh, among 12 countries all over the world, included in a survey of citizenship by investment programmes carried out by Professional Wealth Management, and reached the highest score for ‘freedom of movement’. Cyprus has the highest raking among the four EU member states included in the Citizenship by Investment Index (CBI) complied by professional Wealth Management, which is published by the Financial Times and specializes in analyses of private banks, wealth managers and regional financial centres. READ MORE

The Corporate Governance in Cyprus: An Overview

in Commercial Law

September 1, 2017

t is generally accepted that one of the main causes of the banking crisis in Cyprus was failed corporate governance and risk management strategies. The financial crisis has highlighted the significance of following corporate governance rules and the use of such rules as preventative measures and tools for creating a risk-efficient economic environment. It has been recognized that, in a bid to attract investors following the crisis, companies must actively promote transparency, risk management and corporate governance. READ MORE

Brexit & Cyprus: A Passport of Opportunities

in European Law

July 22, 2017

EU Member – OECD Recognized – Multilingual – € Currency – Fiscal Advantages Cyprus – a Viable Option Brexit – Britain’s momentous decision to leave the European Union has put into question what rights will British nationals and companies located in Britain have in relation to the European market? In particular, there is doubt whether the passporting rights pursuant to European directives will continue to apply. Following Brexit, Cyprus offers a number of advantages to individuals and companies looking for a secure and stable entry point into the European market. READ MORE

Personal Injury & Medical Negligence

in Torts

July 19, 2017

A personal injury may take place at work, in a traffic accident, because of a faulty product or a faulty repair, because of mistakes during medical treatment, or because you slipped and fell on a wet floor or fell in a pothole with your car. The personal injury may be physical or psychological but, to be considered actionable, it must occur due to the negligence or unreasonably unsafe actions of your employer, a public authority, a manufacturer, your doctor, or any other person or organization who owes you a duty of care. READ MORE

Cyprus Corporate Relocation Services

in Immigration Law

July 13, 2017

Our Cyprus Corporate Relocation Services are dedicated to providing personalized relocation assistance and support to individuals, families and corporate employees. Our exclusive services will help ease your transition before, during and after you move to the Republic of Cyprus. Cyprus Corporate Relocation: Immigration Our Cyprus Immigration Law Practice is able to assist with the processing of National visas, Schengen visas, work permits applications if necessary, permanent residence applications as well applications under social security and tax according to law, and opening a personal bank account in Cyprus. READ MORE

Provisions of Public Beach Facilities (Boats and other types of Water Sports)

in Special Legislation

June 19, 2017

General provisions In order to place on the beach and rent, exploit, boats and other types of water sports items and equipment in the Republic of Cyprus, one needs to obtain a license for the provision of public beach facilities (boats and other types of water sports exploitation on the beach) by the Municipal or Community Council, within the boundaries of which the beach is located. According to The Foreshore Protection Law (Cap 59), the term “provision of public beach facilities” refers to the placement on the beach of boats and other water sports items and equipments, for rental or other form of exploitation, including the usage or placement in the sea vessels, or may other items or facilities in order to conduct any type of water sports or entertainment. READ MORE

Sustainability & Green consciousness at THEOCHARIDOU & ASSOCIATES LLC

in Environmental Law

May 23, 2017

As one of the country’s leading environmental law firms, it is inevitable that Theocharidou & Associates Llc would take a leadership role in the field of sustainability, for law office management. In our offices, located in Nicosia and Paphos, Theocharidou & Associates Llc is interpreting its values into action, improving the Firm’s sustainability and reducing its environmental impacts. Below are some of the steps taken to date by Theocharidou & Associates Llc to improve the Firm’s environmental sustainability, and the results we have achieved: READ MORE

No Stone Should Be Left Unturned.

Swiss Franc Loans and the Importance of the European’s Court of Justice Ruling.