Despite Cyprus’ legislative efforts to enhance its judicial system, Cyprus remains behind other EU countries in the number and scope of adopted measures, leading to the lowest overall performance within the European Union.

The European aviation sector is undergoing significant regulatory scrutiny, particularly concerning state aid provided to airlines and airport operators. Recent decision by the European Commission has brought to light the complexities that EU member states face when balancing support for their aviation sectors with the stringent competition rules established by the European Union (EU). These developments have implications for Cyprus, which has been providing incentives to airlines and airport operators to support its aviation industry.

On 5 September 2024, the Court of Justice of the European Union delivered a landmark judgment in Case C-109/23, ruling that a notary's authentication of property sales involving Russian companies does not breach the EU sanctions regime.

On 27 June 2024, the English Court of Appeal delivered a judgment in Nicholls v AXA Assistance Group T/A AXA Travel Insurance [2024] EWCA Civ 718, addressing crucial issues under the Rome II Regulation (“Rome II”), which is assimilated EU law in the UK, regarding the classification of interest rates on damages and the principles of subrogation. For a comprehensive read, you can access the link.

Effective as of 15 March 2024, new legal provisions apply to Cyprus companies converting to companies in other EU Member States and vice versa.

Harris Kyriakides is featured in the latest issue of Insider Magazine, discussing the multifaceted legal aspects of the green transition in Cyprus and the EU, including a wide range of regulations, compliance mechanisms, and incentives.

Our partner, Nicolas Kyriakides, has co-authored a paper that has been published in the International Journal of Procedural Law (vol 13/2023/02) entitled The Place of Alternative Dispute Resolution in the New Cypriot Civil Justice System.

Harris Kyriakides has recently contributed an article to the Sweet & Maxwell Public Procurement Law Review, discussing the judgment of NCR (Cyprus) Limited v Tender Review Authority and its influence on the rights of audience of affected parties within the EU Public Procurement framework.

In the latest issue of The Legal Issue by Gold Magazine, Harris Kyriakides is recognised among Cyprus’ top 10 law firms for 2024.

Harris Kyriakides is proud to contribute to the Cyprus chapter of the 2023 Wolters Kluwer Compendium on Competition Law and Policy, a comprehensive edition delving into significant developments across 30 jurisdictions. The chapter provides a detailed round-up of key developments in Cyprus, focusing on the implementation and application of recent legislative changes.

On the 26^th June 2024 Harris Kyriakides successfully hosted the seminar titled “Latest Developments in Insurance Law”.

During the event, a diverse range of topics were covered, including Civil Procedure Rules and compensation cases, the amount of compensation and new trends, and the statute of limitations for claims in the insurance sector.

A big thank you to everyone who participated.

On 26th June 2024, Harris Kyriakides successfully hosted the seminar titled “Latest Developments in Banking Law.”

Recently London hosted the Cyprus Forum, marking an exciting milestone in its journey towards fostering dialogue and driving impactful change.

Congratulations to Cyprus Arbitration Forum for successfully hosting the 2nd Cyprus Arbitration Day in Cyprus. An insightful event that confirms that Cyprus is getting traction as an international arbitration centre.

Our partner Eleni Neoptolemou was invited to attend the open day of the 32^nd European Spring Conference of Data Protection Authorities hosted by the Data State Inspectorate of Latvia in Riga. The conference discussed AML and GDPR challenges, focusing on strengthening compliance through collaborative strategies.