The Transfer and Mortgage of Property (Amended) (No. 4) Law of 2022 (the Bill) was adopted in Parliament on 14.07.2022 in order to reinstate the targeted suspension of the foreclosure process until the 31^st October 2022. The reason behind the suspension of the process of sale of mortgaged properties is due to the ongoing and intensifying impact of Ukrainian war, as well as the COVID-19 pandemic, have induced on both the economic and social effects.

In the past years, the significant and uncontrollable issue of non-performing loans, alternatively referred to as ‘red loans’, has seen a rise in both private loans and household loans.In comparison with other European Countries, Cyprus holds the highest-ranking of non-performing loans following Greece.

On 30 June 2022 the Cyprus House of Representatives enacted an elaborate transfer pricing framework.

The EU has approved six packages of sanctions in response to Russia's unprecedented and unprovoked military offense against Ukraine. The measures are aimed at limiting the Kremlin's ability to finance the war and cause clear economic and political costs to Russia and to Russian individuals who are connected to the regime.

Harris Kyriakides is pleased to announce our collaboration with University of Oxford and Oxford University Careers Service for the ninth consecutive year, offering summer internships to Oxford University law students in Cyprus.

Erasmus Law Review has published a special Issue on Global Developments and Challenges in Costs and Funding of Civil Justice. The issue provides detailed critical perspectives of costs rules, funding arrangements, recent procedural developments and the impact on access to civil justice.

In the latest Cyprus feature – Spotlight on Cyprus which was shared by BRG (Brussels Research Group) and The New York Times, our partner Nicolas Kyriakides analyses how Cyprus is adapting to instability in a national and global scale.

Harris Kyriakides team contributes the Cyprus chapter in Pharmaceutical Advertising 2022 by Global Legal Group.

The Cyprus Bar Association has relaunched Nomiko Vima in electronic form with the aim of providing a useful tool to lawyers, law students and anyone interested in law content. In this first issue, our partner Nicolas Kyriakides, Andronikos Theofanous and Mary Christoforou introduce CYSCOLA, the first Cyprus Standard for the Citation of Legal Authorities.

Harris Kyriakides team contributes the Cyprus chapter in the Initial Public Offerings 2022 by Global Legal Group.